Strong Australian equity markets have enhanced the half-yearly results of listed investment company Mirrabooka.
The company, which invests within the small and mid-cap companies, benefited from a boom in the sector of 10.9 per cent in the first half of the 2012/2013 financial year.
"The combined small and mid-cap sectors, which are reflective of Mirrabooka's investment universe were up 10.9 per cent over this period," Mirrabooka said in a statement.
"Australian equity markets have experienced good returns over the six months to 31 December 2012."
For the 2012 full-year result Mirrabooka's portfolio return reached 18.6 per cent compared with the combined index which was up 9.7 per cent.
However, the company's profit for the half-year to December 31 was 6.3 million, down from 6.9 million in the previous half-year result as a result of changes in portfolio composition.
With a strong result in the first half of the financial year, Mirrabooka is confident it will see continued performance, despite early signs that 2013 will bring about difficult domestic market conditions.
"Given the overall market has run relatively strong over the first half of the financial year, a period of consolidation may occur," Mirrabooka said in a statement.
"However, the small and mid-cap sectors have underperformed larger companies recently and we continue to find attractive opportunities to deploy these funds given Mirrabooka's long-term investment horizon."
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