- Microequities Asset Management (MAM) has predicted half-year operating profit from investment management of roughly $16.5 million
- The company’s December month operating profit was boosted to approximately $1.7 million
- Both results include income generated from performance fees which the company says are volatile, unpredictable and non-recurring in nature
- MAM expects to release its audited HY22 results on February 11
- Shares in MAM are up 4.44 per cent on the market and are trading at 94 cents
Microequities Asset Management (MAM) has predicted half-year operating profit from investment management of roughly $16.5 million based on unaudited management accounts.
The anticipated result is is up from the $5.4 million recorded in the prior corresponding period.
The company’s December month operating profit from investment management was boosted to approximately $1.7 million.
These strong results are based on continued strong performance, particularly in MAM’s flagship Deep Value Fund.
Both of these results come from income generated from performance fees which the company says are volatile, unpredictable and non-recurring in nature.
Microequities Asset Management says it has several underinvested opportunities which will be increased as a result of the net investment inflows currently occurring.
MAM expects to release its audited half-year results on February 11.
Shares in MAM were up 4.44 per cent on the market and were trading at 94 cents at 11:35 am AEDT.