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BKI Investment Company Limited (ASX:BKI)

ALERT: Price-sensitive ASX Announcement for BKI
Current share price for BKI : $1.850 0.12 (6.94%)+
Announcement
Release
21 Jan 2025 11:54AM
Price at Release
$1.730
Full Release
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Summary
BKI Investment Company Limited reported its First Half FY2025 results, revealing total ordinary revenue of $35.0 million, a slight increase from the previous year. The net profit after tax decreased by 9% to $31.2 million due to reduced special investment revenue. Despite challenges such as rising expenses and cautious corporate behavior amidst elevated interest rates, BKI declared an interim dividend of 3.90 cents per share, reflecting a 1% increase. The company actively managed its investments, with a focus on high-quality, dividend-paying stocks, and currently holds $112 million in cash, positioning them to seize future opportunities.
Key Points
  • Total ordinary revenue increased by 0.3% to $35.0 million.
  • Net profit after tax decreased by 9% to $31.2 million.
  • Declared an interim dividend of 3.90 cents per share, up 1% from last year.
  • Invested $113 million in the first half of FY2025.
  • Received dividends from major holdings grew between 1% and 7%.
  • BKI has no debt and $112 million in cash reserves.
  • Portfolio valued at $1.5 billion with a focus on high-quality stocks.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.