Platinum Asia Records Soaring Profits and Shareholder Returns

Platinum Asia Investments Ltd. (AU:PAI) has released an update.

Platinum Asia Investments Limited reported a significant 202% increase in net profit after tax, reaching $13,723,000 for the fiscal year ending June 30, 2024, accompanied by a notable 93% rise in total revenue. The company’s investment performance lagged behind the MSCI AC Asia ex Japan Net Index over the past year, primarily due to a higher allocation in underperforming Chinese markets. Despite this, shareholders enjoyed a 14.7% total return, bolstered by a narrowing discount to pre-tax NTA and the benefit of franking credits.

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