Wam Research Limited: FY2023 Full Year Results

WAM Research Limited (ASX: WAX) announces impressive fiscal year 2023 financial results. The investment portfolio exhibited a remarkable 14.1% growth, with an equity allocation of 92.8% and cash allocation of 7.2%. The portfolio's equities provided a weighted average return of 15.2%, outpacing the S&P/ASX All Ordinaries Accumulation Index's 14.8% rise.

The company's operating profit before tax amounted to AU$22.6 million, marking a significant turnaround from the previous fiscal year's loss. WAM Research's strategic shift in 2010 has led to an impressive average annual portfolio return of 13.6% surpassing the index by 5.0% annually. The Board announced a full-year dividend of 10.0 cents per share, including a 5.0 cents final dividend partially franked at 60%, backed by a strong franking account balance.

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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

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