Kingfish Limited Analysis

Overview

Kingfish is a listed investment company that invests in growing New Zealand companies. The Kingfish portfolio is managed by Fisher Funds, a specialist investment manager with a track record of successfully investing in growth company shares. The aim of Kingfish is to offer investors competitive returns through capital growth and dividends, and access to a diversified portfolio of investments through a single tax-efficient investment vehicle. Kingfish listed on the NZX Main Board on 31 March 2004 and may invest in companies that are listed on the NZX Main Board, NZX Alternative Market or unlisted companies.

Performance

The following information was extracted from Kingfish Limited's half year report, released 21 November 2024:

Kingfish announces $42.8m Interim Result

• Net profit for the six months ended 30 September 2024 $42.8m
• Total shareholder return* +5.8%
• Adjusted NAV return (after expenses, fees & tax)** +9.5%
• Dividends paid during the period (cents per share) 5.31 cps

NZX listed investment company Kingfish Limited (NZX: KFL) has reported a first half profit (for the six months ended 30 September 2024) of $42.8m.

Key elements of the half year result include profits on investments of $40.9m, plus dividend and interest income of $5.5m, less operating expenses and tax of $3.7m.

Chair of Kingfish, Andy Coupe said: “New Zealand economic data indicates that difficult trading conditions have continued through the 2024 calendar year, with many companies lowering their forward earnings expectations. However, it has been pleasing to see Kingfish outperform the broader New Zealand sharemarket over the six months ended 30 September 2024.”