Cadence Opportunities Fund Limited (ASX: $FOT) has released its half-year financial report for the period ending 31 December 2023. The company reported an operating profit before tax of $949,740, marking a significant increase from the same period in 2022. The operating profit after tax stood at $873,782, reflecting a positive performance. The net asset value for the half-year was reported at $32,140,048, indicating a stable financial position.
The company's investment operations yielded a positive gross performance of 3.6% during the half-year ended 31 December 2023. This performance demonstrates the effectiveness of our investment strategy and the continuous valuation of our investments to market value. We are pleased with the growth in net investments, which were valued at $27,098,006, a substantial increase from the previous period. The declaration of a 6.5 cents per share fully franked interim dividend reflects our commitment to delivering value to our shareholders.
Cadence Opportunities Fund's half-year financial report showcases a robust performance, with a notable increase in operating profit before tax and after tax. The company's focus on investing primarily in securities listed in Australia and internationally has proven to be successful, as evidenced by the positive gross performance of 3.6%. The net asset value of $32,140,048 indicates a stable financial position. The declaration of an interim dividend further underscores the company's commitment to delivering returns to its shareholders. Looking ahead, Cadence Opportunities Fund aims to continue its investment activities while maintaining a prudent approach to risk management and financial stewardship.