Djerriwarrh Investments Limited
(ASX:DJW) has boosted its annual net profit and maintained its final dividend.
The listed investment company (LIC) increased its net profit by 9 per cent to $46.9 million in the 2015 financial year.
Djerriwarrh’s result was aided by a non-cash dividend of $5.6 million, received as a result of the demerger of South 32 Limited
(ASX:S32) from BHP Billiton Limited
(ASX:BHP).
The company says while choppy markets have heightened risk it has been able to take advantage of the recent lift in volatility through its option writing activities.
A fully franked final dividend of 16 cents per share has been declared, taking the full year payout to 26 cents per share.
