Overview of Cadence Capital's half-year financial report

Cadence Capital Limited (ASX: $CDM) has released its Appendix 4D Half-Year Report for the half-year ended 31 December 2023. The report, subject to independent review by the Auditors, Pitcher Partners, presents the company's operating profit before tax of $10,829,240 and an operating profit after tax of $8,880,042. The company's investments yielded a positive gross performance of 4.1% compared to the All Ordinaries Accumulation Index increase of 8.0%. The net asset value of the company for the half-year ended 31 December 2023 was $300,876,588.

Executive commentary on the half-year financial performance

The company's investment operations resulted in a positive gross performance of 4.1% during the half-year ended 31 December 2023. Despite the increase in the All Ordinaries Accumulation Index of 8.0%, the company's investments demonstrated resilience. We are pleased with the operating profit after tax of $8,880,042 and remain committed to delivering value to our shareholders through prudent investment strategies.

Summary of Cadence Capital's financial position and outlook

Cadence Capital Limited's half-year financial report reflects an operating profit after tax of $8,880,042, showcasing the company's investment operations. The positive gross performance of 4.1% in comparison to the All Ordinaries Accumulation Index increase of 8.0% demonstrates the company's ability to navigate market conditions. With a net asset value of $300,876,588, the company has declared a fully franked interim dividend of 3.0 cents per share, emphasizing its commitment to delivering returns to shareholders. The company's investment activities and financial position indicate a steady performance, and it remains focused on creating long-term value for its stakeholders.