Kingfish reports $42.8m profit, 391% increase

Kingfish, the NZX-listed investment company, has reported a net profit of $42.8 million for the six months ended Sept 30, 2024.

This represents a 391% increase compared to the same period last year.

The company's revenue from continuing operations also increased by 478%, reaching $46.4m.

Kingfish's portfolio had a gross performance return of 10.4% before fees and expenses.

The adjusted net asset value (NAV) return was 9.5%.

Kingfish declared an interim dividend of 2.85 cents per share, to be paid on December 20, 2024.

The company, which invests in growing New Zealand companies, is managed by Fisher Funds.