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Cadence Capital Limited (ASX:CDM)

ALERT: Price-sensitive ASX Announcement for CDM
Current share price for CDM : $0.790 0.1 (14.49%)+
Announcement
Release
27 Feb 2025 4:19PM
Price at Release
$0.690
Full Release
download
Summary
The Half-Year Report for Cadence Capital Limited for the period ending 31 December 2024 reports an operating loss of $11,840,427 before tax, a stark contrast to the prior year's profit of $10,829,240. The company's performance decreased by 3.6% compared to a 6.9% gain in the All Ordinaries Accumulation Index. As of December 2024, the net asset value stood at $288,228,284, down from $304,134,734 in June 2024. The Board has declared an interim dividend of 3.0 cents per share, partially franked at 50%, scheduled for payment on 30 April 2025.
Key Points
  • Operating loss before tax of $11,840,427 for the half-year ended 31 December 2024.
  • Operating profit before tax for the previous year was $10,829,240.
  • Gross performance of -3.6% compared to a 6.9% increase in the All Ordinaries Accumulation Index.
  • Net investments valued at $186,308,227 as of December 2024.
  • Net asset value of $288,228,284 as of December 2024.
  • Interim dividend of 3.0 cents per share declared, partially franked at 50%, payable on 30 April 2025.
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.