Why is the WAM Capital (ASX:WAM) share price on the rise?
Bernd Struben | February 19, 2021 11:27am |
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At the time of writing, the WAM Capital share price has lifted 0.49% to $4.07.
What did the company report?
The Wam Capital share price is in the green today after the asset manager reported an operating profit before tax of $233.4 million. That’s up 144.1% year on year. Operating profit after tax of $166.5 million increased 136.6% from the first half of the 2020 financial year. The company credited the strong performance of its investment portfolio for the results.
WAM Capital said its investment portfolio gained 22.8% during the half year. That’s a 7.1% outperformance over the