Marlin Global reports $23.6m profit, improves from loss

Marlin Global Limited has announced its financial results for the 12-month period ending June 30, 2023.

The company reported a net profit of $23.6 million, a significant improvement from the previous year's loss of $60.4 million.

The adjusted net asset value (NAV) return was 13.8%, and the gross performance return was 16.4%, in line with the company's benchmark index.

However, the total shareholder return was -11.1%, reflecting a lower share price.

Marlin's directors have maintained the company's 2% of NAV per quarter distribution policy and declared a dividend of 1.82 cents per share.

The company's portfolio is managed by Fisher Funds and focuses on investing in growing companies outside of New Zealand and Australia.