An announcement from Spheria Emerging Cos. Ltd. ( (AU:SEC) ) is now available.
Spheria Emerging Companies Limited reported a net profit after tax of $10.8 million for the first half of FY25, showing a significant increase from the previous period. The company’s performance exceeded its benchmark by 5.8%, and it declared fully franked dividends totaling 7.0 cents per share, maintaining a trailing dividend yield of 5.8%. The company successfully reduced its discount to net tangible assets (NTA) and plans to continue paying quarterly dividends. Stakeholders expressed satisfaction with the company’s structure as a listed investment company (LIC) and its commitment to managing NTA discounts.
More about Spheria Emerging Cos. Ltd.
Spheria Emerging Companies Limited operates in the financial services industry, focusing on investment management. The company primarily deals with a portfolio of emerging companies, aiming to outperform market benchmarks and deliver returns to its shareholders through dividends.
YTD Price Performance: 1.33%
Average Trading Volume: 46,792
Technical Sentiment Consensus Rating: Strong Sell
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