Ann: HALFYR: MLN: Marlin continues to grow despite global...

• Release Date: 26/02/15 16:15
• Summary: HALFYR: MLN: Marlin continues to grow despite global volatility
• Price Sensitive: No
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					MLN
26/02/2015 16:15
HALFYR
PRICE SENSITIVE
REL: 1615 HRS Marlin Global Limited

HALFYR: MLN: Marlin continues to grow despite global volatility

Marlin Global Limited
 Results for announcement to the market
Reporting Period 6 months to 31 December 2014
Previous Reporting Period 6 months to 31 December 2013

The interim financial statements attached to this report have been reviewed
by PricewaterhouseCoopers and are not subject to a qualification. A copy of
the independent review report applicable to the interim financial statements
is attached to this announcement.

 Current Period NZ$000, Up/(Down)%  Previous Corresponding  Period NZ$000
Total net income from ordinary activities 4,222, (71.0%) 14,574
Profit from ordinary activities after tax attributable to security holders
2,498, (79.5%) 12,197
Net profit attributable to security holders 2,498, (79.5%) 12,197

Dividend Marlin Global will pay a partially imputed quarterly dividend of
1.82cps as part of its distribution policy.
Ex-Dividend Date 11 March 2015
Record Date 13 March 2015
Dividend Payment Date 27 March 2015

Net asset value per share 31 December 2014: $0.90

For immediate release:
26 February 2015

Marlin continues to grow despite global volatility

- Interim 2015 net operating profit $2.5m
- Total shareholder return* +4.6%
- Adjusted net asset value* per share +2.4%
- 3.65 cents per share in dividends paid during the period

NZX-listed investment company Marlin Global Limited (NZX: MLN) today
announced a net operating profit after tax for the six month period ended 31
December 2014 of $2.5m, more modest than the strong interim 2014 net profit
of $12.2m.

The key components of the first half result were gains on financial assets of
$3.8m (including currency gains of $4.5m), dividend and interest income of
$0.4m, less operating expenses and tax of $1.7m.

Marlin's key performance ratios show a growth in total shareholder return* of
4.6% and an increase in adjusted net asset value (NAV)* of 2.4% versus the
MSCI World Small Cap Index which was down in US dollar terms but up 7.7% in
New Zealand dollar terms over the same period.

Since inception in November 2007, Marlin's adjusted NAV* is up 34.9%,
slightly behind the MSCI World Small Cap Index which is up 37.0% over the
same period.

In accordance with company's distribution policy (2.0% of average NAV per
quarter), a total of 3.65 cents per share was paid to Marlin shareholders
during the six months ended 31 December 2014. The Board has declared a
dividend of 1.82 cents per share to be paid to shareholders on 27 March 2015
with a record date of 13 March 2015.

Marlin's Chairman, Alistair Ryan, said: "Marlin achieved a solid first half
result for the 2015 financial year after two strong full year results in
FY2013 and FY2014."

Portfolio Manager, Roger Garrett, said: "We believe there will be a positive
bias in global equity markets this year as companies continue to deliver
positive earnings growth."

Mr Garrett added: "Any volatility will provide opportunities to further
deliver a portfolio of high quality growth companies with sustainable
economic moats and we will look to opportunistically add companies that we
believe will generate higher earnings on a three to five year time frame."

For further information please contact:

Carmel Fisher
Managing Director
Fisher Funds Management Limited
Tel: (09) 484 0342

*Adjusted NAV and total shareholder return assume all dividends are
reinvested, but exclude imputation credits

About Marlin Global
Marlin Global is a listed investment company that invests in growing
companies based outside of New Zealand and Australia. The Marlin portfolio is
managed by Fisher Funds, a specialist investment manager with a track record
of successfully investing in growth company shares. The aim of Marlin is to
offer investors competitive returns through capital growth and dividends, and
access to a diversified portfolio of investments through a single,
tax-efficient investment vehicle. Marlin listed on the NZX Main Board on 1
November 2007 and may invest in companies that are listed on any approved
stock exchange (excluding New Zealand or Australia) or unlisted international
companies not incorporated in New Zealand or Australia.    /ends
End CA:00261206 For:MLN    Type:HALFYR     Time:2015-02-26 16:15:50