Ozgrowth books 19.2% lift in investments

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.

In its quarterly update today, the Euroz-owned company said since its investment strategy in January 2008, the portfolio has increased in value by 3.7 per cent.

Net tangible assets climbed from 17.8 cents a share to 20 cents while at the end of the quarter, 52 per cent of assets were held in cash compared to 57 per cent recorded in the March quarter.

Shares in Ozgrowth closed unchanged at 14c today.