News Articles for Ozgrowth

Dividend, capital return from Westoz sale proceeds

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Euroz Hartleys Group shareholders will receive a special dividend and return of capital amounting to $80 million from the sale of its fund management business which settled earlier this year.

WAM, Westoz to merge

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Perth broking firm Euroz Hartleys Group is set to merge two of its investment companies with fellow ASX-lister and Geoff Wilson-led WAM Capital.

WA fund managers shift focus

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Perth equity fund managers are having to look harder for value after generating very strong returns during the past year.

Pandemic pain divides fund managers

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Perth-based fund managers beat the market last financial year but are divided on future investment strategies.

Westoz criticises Zenith takeover

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Euroz subsidiary Westoz Funds Management has emerged as a strong critic of the proposed takeover of Zenith Energy, one day after Zenith revealed the scheme was at risk of failing.

Euroz flags $16m loss

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Stockbroking and funds management group Euroz expects to report a loss of $16 million for the nine months to the end of March but said its trading activity is still profitable and it intends to pay a final dividend.

Euroz improves net profit

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Euroz has reported an unaudited net profit of $8.5 million for the half year to December 2019, reflecting a strong performance by most of its funds management subsidiaries and a solid result from i

Fund managers offer strategy options

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With uncertainty surrounding global share markets, Business News has taken a close look at the strategies of six Perth-based fund managers.

Euroz lifts profit in FY18

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Financial services company Euroz has reported a surge in profits for the 2018 financial year, along with an uplift in its dividend, driven by higher performance fees from its listed investment companies.

Euroz flags profit dip

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Financial services company Euroz says it expects a small dip in half-year profits, with a strong contribution from its funds management operation offset by a significant reduction in corporate finance deals.

Euroz flags larger profit, payout

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Financial services business Euroz has flagged a surge in net profit for the 2017 financial year and an increased dividend payout, on the back of an improved performance by its broking arm.

Westoz, Ozgrowth to pay $4.8m dividends

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Two listed investment companies controlled by Euroz Securities will pay out nearly $5 million in half-year dividends, with Westoz Investment Company announcing a 3 cent per share payout for investors while Ozgrowth will distribute 0.25 cents per share.

Euroz tops $1bn in funds

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Euroz has reported a bumper first-quarter profit of $9.75 million, driven by strong growth in capital raising deals and good performances by its funds management businesses.

Economy weighs on local moneymen

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A difficult 2015 financial year for the Western Australian economy has flowed through to a soft performance for the state's listed money managers, according to BNiQ research, with the biggest player considering a restructure to diversify its income sources.

Euroz in the red with $7m loss

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Euroz has halved its dividend after recording a $7.1 million net loss for the 2015 financial year, on the back of poor performance in its investment arm and modest profits in its stockbroking division.

Year of two halves for investment players

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Western Australia's listed money managers had a strong 12 months to June 2014, but face a challenge to repeat that performance in 2015.

Euroz plans new funds management business

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Perth-based stockbroker Euroz has appointed former MLC chief executive Steve Tucker to head up a new funds management subsidiary as the company eyes opportunities in the listed investment company sector.

Euroz profit halved in difficult conditions

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Stockbroking firm Euroz has lodged a net profit of $6.3 million, just over half of its net profit in the previous year, after enduring what it described as extremely challenging conditions in equit

Ozgrowth books $11m H1 profit

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Investment company OzGrowth has swung back into the black, delivering an $11 million net profit for the first-half of the 2010 financial year.

Ozgrowth posts $3.8m full-year loss

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Perth-based investment company Ozgrowth has recorded a $3.8 million loss for the 2009 financial year following a challenging 12 months.

Ozgrowth books 19.2% lift in investments

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Investment company Ozgrowth has recorded a 19.2 per cent rise in the value of its investment portfolio in the June quarter, adding to the near 12 per cent increase posted in the previous quarter.

Ozgrowth records 12% lift in investments

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Perth-based investment company Ozgrowth has reported a 12 per cent lift in its investment portfolio over the March quarter, a turnaround from the 17 per cent drop in the previous quarter.

Euroz to raise $80m for listed investment company

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Perth-based stockbroking firm Euroz Ltd has expanded its funds management operation by lodging a prospectus for an $80 million capital raising for a new listed investment company, OzGrowth Ltd.