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Morphic Ethical Equities Fund Surges to $3M Profit, Eyes Future Dividends
5:26pm on Monday 17th of February, 2025 AEDT
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Financial Services
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Morphic Ethical Equities Fund Surges to $3M Profit, Eyes Future Dividends
5:26pm on Monday 17th of February, 2025 AEDT
Key Points
Half-year profit after tax of $2.96 million, up 254% from prior period loss
Net investment income rose to nearly $5 million, a 267% increase
Portfolio returned 12.02% net but underperformed benchmark by 1.84%
No dividends declared during the period, with commitment to future franked dividends
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Morphic Ethical Equities Fund (ASX:MEC)
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