Ozgrowth books $11m H1 profit

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

The result compares with a $17.6 million net loss recorded for the previous corresponding period.

Net tangible asset backing per ordinary share grew from 16.5 cents to 22.5c, while revenue from ordinary activities reached $18.6 million.

The directors have declared an interim dividend of 0.3c per share.

Shares in Ozgrowth closed unchanged at 17c today.