InvestSMART

Morphic Ethical Equities Fund Limited (ASX:MEC)

ALERT: Price-sensitive ASX Announcement for MEC
Current share price for MEC : $1.325 0.28 (26.79%)+
Announcement
Release
17 Feb 2025 5:26PM
Price at Release
$1.045
Full Release
download
Summary
For the half-year period ending 31 December 2024, Morphic Ethical Equities Fund Limited reported a profit of $2,963,566, a significant recovery from the loss of $1,927,764 in the same period in 2023. The company achieved a net investment income of $4,963,713, with investment income boosted by net gains on financial instruments. The fund's investment strategy continues to focus on ethically screened global securities, resulting in a portfolio return of 12.02%, although it slightly underperformed its benchmark by 1.84%. The net tangible asset value per share stands at $1.1933 before tax and $1.1632 after tax.
Key Points
  • Profit for half-year ended 31 December 2024 was $2,963,566.
  • Previous year's loss was $1,927,764.
  • Net investment income for the period was $4,963,713.
  • Portfolio return was 12.02%, underperforming its benchmark by 1.84%.
  • Net tangible asset value per share was $1.1933 before tax and $1.1632 after tax.
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.