Microequities Asset Management (ASX:MAM) has posted its FY profit from ordinary activities after tax.

The company reported an attributable profit of A$5.7 million, a stark decline from the previous year’s A$14.1 million.

In addition to this, the company’s recurring revenue stood at A$10.1 million for the fiscal year.

Further, the group declared a fully franked final dividend of 1.5 AU cents per ordinary share.

Microequities Asset Management is a company that specializes in providing investment management and financial services.