Key facts about Whitefield Industrials (ASX: $WHF) financial report

Whitefield Industrials (ASX: $WHF) has reported a 13% increase in operating profit after tax for the year ended 31st March 2024, amounting to $20,433,642. The company's investment portfolio generated a strong outright return of 19.9% across the 12 months to March 2024. The company's net asset backing per ordinary share at 31 March 2024 amounted to $5.86 compared to $5.13 at the same time one year ago.

Executive commentary on Whitefield Industrials (ASX: $WHF) financial performance

Whitefield Industrials is pleased to report strong growth in its operating profit after tax for the year ended 31st March 2024. The company's investment portfolio generated a strong outright return of 19.9% across the 12 months to March 2024, reflecting the rapid rally in the Australian equity market in the latter months of the year. Notable contributors to investment performance across the year included Whitefield's investments in James Hardie, Goodman Group, Altium, Carsales, Promedicus, JB Hi-Fi, Xero, Wisetech, NextDC, Life360, Telix Pharmaceuticals, Seven Group and Boral.

Outlook for Whitefield Industrials (ASX: $WHF)

Whitefield Industrials (ASX: $WHF) remains optimistic about the future, with a positive outlook for the Australian industrial economy. The company will continue to give emphasis within its investment portfolio to those businesses and sectors that are most capable of delivering resilience of investment return, profit and dividends across upcoming years. The company looks forward to reporting on its progress during the 2025 financial year.