Augusta lifts net profit six fold as investors flock into new funds

Thu, 23 May 2019

By Jenny Ruth May 24 (BusinessDesk) - Augusta Capital’s annual net profit rose more than six fold to a record as underlying income, management fees and transactional fees all grew strongly. The property company’s net profit for the year ended March rose to $6.9 million from $1.04 million the previous year. The year-earlier result was dragged down by a $2.2 million loss on available-for-sale financial assets and fair value losses on investments and associates. The company launched four new funds during the year and raised $255 million...

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