k1 Ventures posts 360% jump in profit, proposes 2-cent-a-share final dividend
Transportation leasing and investment company k1 Ventures has posted a 360.5 per cent jump in full year net profit to $54.6 million.
Revenue for the year ended June 30 more than doubled to $168 million from $78.7 million last year.
A large part of the profit growth was due to a one-off gain on sale of an investment amounting to $29.8 million.
Earnings per share swelled to 2.52 cents from 0.55 cent previously while net asset value per share was unchanged at 16 cents.