Kingfish reports lower quarterly returns, EBOS and Vista decline

Kingfish has reported a gross performance return of 2% and an adjusted net asset value (NAV) return of 1.5% for the September quarter.

This is lower than the 5.5% return of the S&P/NZX 50G benchmark index.

The company's portfolio had 11 out of 15 companies deliver positive returns, with an average return of 4.4%.

However, the overall performance was negatively impacted by declines in some of the larger positions.

EBOS, a healthcare and pet product distributor, experienced a 21% decline in its share price, while cinema software company Vista saw a 15% drop.

On the other hand, New Zealand economic exposures such as Vulcan Steel, Freightways, and Port of Tauranga performed well, with returns of 32%, 26%, and 11%, respectively.