Excelsior Capital Reports Soaring Profits and Dividends

Excelsior Capital Limited (AU:ECL) has released an update.

Excelsior Capital Limited reported a substantial increase in its annual financial results, with profits after tax soaring by 386% to $50.4 million, buoyed by the sale of a subsidiary and solid performance in both continuing and discontinued operations. The company also announced an increase in dividends, with a total of 14 cents per share payable, up from the previous year’s 6.50 cents. Shareholders are set to benefit from the company’s strong financial health, as evidenced by the jump in net tangible assets per share from $2.06 to $4.03.

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