Ann: Media Release FY16 Results - PROFIT UP 365% TO $4.2M-WAA.AX, page-2

Profit up 365% to $4.2 million and
fully franked full year dividend of 5.0 cents
• Operating profit before tax up 365% to $4.2 million
• Investment portfolio increased 18%, outperforming by 16%
• Total shareholder return of 10%
• Fully franked full year dividend of 5.0 cents per share
• One-for-one bonus option issue
WAM Active Limited (ASX: WAA) today announces a 365% increase in operating profit before tax to $4.2 million (2015: $896,077) and a 250% increase in operating profit after tax to $3.1 million (2015: $897,681) for the year to 30 June 2016.
The increased profit is a result of the investment portfolio increasing 18% in the 12 months to 30 June 2016, outperforming the S&P/ASX All Ordinaries Accumulation Index by 16%.
WAM Active Chairman Geoff Wilson said the strong outperformance was an outstanding result for shareholders.
“The strong positive performance of 18% was achieved while being invested on average 70% during the year. This points to the success of our actively managed absolute return trading strategy, which saw the equity portion of the investment portfolio turn over five times for the year,” he said.
“The top performing stocks for the year were Blackmores Limited (ASX: BKL), Hunter Hall Global Value Limited (ASX: HHV), Medical Developments International Limited (ASX: MVP), SG Fleet Group Limited (ASX: SGF) and Galileo Japan Trust (ASX: GJT),” Mr Wilson said.
The Board announces a fully franked final dividend of 2.5 cents per share, bringing the full year fully franked dividend to 5.0 cents per share. The full year dividend represents an annualised fully franked dividend yield of 4.4% (based on closing price as at Wednesday, 10 August 2016). Shareholders will also receive a one-for-one bonus option issue.