KAML posts K4.26m profit for 2009

Business, Normal

THE nation’s first publicly listed investment company, Kina Asset Management Ltd (KAML), has posted a net profit after tax of K4.26 million for 2009.
The company also increased its investment portfolio by K3.84 million, or 9.38%, from K40.89 million at the end of December 2008 to K44.72 million at the end of December 2009.
This represented a significant turnaround for the company after recording a net loss of K4.14 million in its launch year, 2008, with the adversaries of the global financial crisis.
In moving forward, chairman Sir Rabbie Namaliu said KAML was continuing its expansion strategy and looking at increasing its exposure to international markets including the United States and Asia.
He said the board of KAML would continue to pursue a range of strategic investment opportunities with the aim of maximising long-term benefits for its shareholders.