Mirrabooka Investments posted a 16 per cent dip in half-year profits as the listed investment company sells down stakes in companies that are becoming expensive.
Mirrabooka Investments posted a 16 per cent dip in half-year profits to $3.7 million, as the listed investment company sells down stakes in companies that are becoming expensive.
Mirrabooka, which has a market valuation of $367 million, lost 1.4 per cent during the six months to December, failing to beat the 2.3 per cent gains of the small and midcap market index benchmark.
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Ruth Liew writes on business specialising in Insurance, wealth management and financial services. Ruth is based in our Sydney newsroom. Connect with Ruth on Twitter.
