Ozgrowth slumps to half-year loss

The West Australian January 27, 2012, 11:10 am

Listed investment company Ozgrowth has posted a net loss of $737,024 for the six months to the end of December.

The result was a 105 per cent slump on its first half profit of $15 million the previous year.

It was achieved on revenue of $1.52 million, down 13 per cent on the previous corresponding period.

The company will pay a fully-franked interim dividend of 0.2 cents a share.

Ozgrowth is managed by Westoz Funds Management, a wholly-owned subsidiary of listed broker Euroz.

Ozgrowth shares were off half a cent, or 3.57 per cent, to 14.5 cents at 11.05am.

Euroz shares were down two cents, or 1.63 per cent, to $1.21.


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