Meanwhile, the company’s revenue for FY2023 came in at $12.8 million, from a loss of $32.5 million the year before.
Similarly, the company reported total income of $14.3 million for the FY2023 compared to FY2022’s loss of $27.2 million, which was largely due to the fair value gain on financial assets at fair value through profit or loss (FVTPL) of $1.1 million compared to a fair value loss of $40.7 million last year.
With this, the company’s board of directors has recommended a final dividend of 0.4 cents per share for the period.
On its outlook, Global Investments aims to grow its assets and seek new investments that will generate steady income and potential appreciation in capital to deliver regular dividends and achieve capital growth, while actively managing its assets with a focus on optimising risk-adjusted asset returns.
See also: Creative guides for ‘similar level of operating loss’ for 2HFY2025
The company’s investment objective is to seek opportunities in high-yield credits, hybrid instruments, public and private equities, operating lease assets and securitisation assets. Given the current state of the financial markets, Global Investments says that it will be selective and focus on a fundamental bottom-up analysis, with a preference for assets with defensive characteristics, and good cash flow generating ability.
Shares in Global Investments closed flat at 11 cents on Feb 22.
