Barramundi Limited has announced its financial results for the 12 months ending June 30, 2023.
The company reported a net profit of $38.3 million, a significant improvement from the previous year's net loss of $34.6 million.
Key factors contributing to the positive result include a profit on investments of $39.5 million and dividend, interest, and other income of $4.0 million.
Despite the strong increase in net asset value, the total shareholder return for the period was -1.1% due to a fall in the share price.
The company has declared a dividend of 1.44 cents per share, payable on September 22, 2023.
The board remains confident in the investment strategy and the resilience of the portfolio.
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