Ozgrowth records 12% lift in investments

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.

Net tangible assets, after provision for tax on unrealised profits, rose from 16.5 cents to 17.8 cents over the three months to the end of March.

At the end of the reporting period, Ozgrowth said 57 per cent of its assets were held in cash, down from 71 per cent.

Shares in Ozgrowth were untraded at 11 cents at 13:12 AET.