Wam Research recently reported a substantial increase in its financial year results.

The firm’s net profit from ordinary activities, after income tax expense, came to a sizable A$16.9 million, marking a rise of 181.4%.

In addition, Wam Research (ASX:WAX) also saw a significant surge in revenue from ordinary activities, reaching A$25.8 million, an increase of 193.4%.

The firm concluded by declaring a final dividend of 5 Australian cents per share.

Wam Research is an investment firm which focuses on maximizing tax-effective income and capital growth.