Kina Asset Management Limited today held their annual General Meeting at the Ela Beach Hotel in Port Moresby.
On the table for discussion was the company’s annual report and investment performance for the year 2013.
Kina Asset Management Limited has enjoyed a successful financial year in 2013 with a net profit of K8.19 million, after tax, for the year ended December 2013.
This was a dramatic growth compared with the net profit from 2012, which was at K4.73 million.
The investment company also built on its record profit for 2013 with an investment income of K5.1m, representing a return of 10.3% for the first quarter of 2014, raising KAML’s portfolio to K55.1m.
Present at the annual meeting were investors as well as shareholders in the nation’s first listed investment company, who were assured by the board of its commitment to strategic long term growth opportunities to provide shareholders with well-balanced and sound investment portfolios.
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