BLA 0.00% 18.5¢ blue sky alternative investments limited

News: BLA Australia's Blue Sky Alternative Investments scraps dividend for year through June

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    June 12 (Reuters) - Australian asset manager Blue Sky Alternative Investments Ltd (BLA) on Tuesday said it does not expect to pay a dividend for the year ending June 30.

    The firm said business restructuring and an independent review of the carrying value of investments - of which two of three phases are complete - would weigh on its fiscal 2018 net profit after tax by A$59.4 million ($45.24 million), on an unaudited basis.

    It also said fee-earning assets under management (FEAUM) stood at A$3.4 billion as at May 31.

    ($1 = 1.3130 Australian dollars)

 
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