Litigation Capital Management 2022 half year results
Litigation Capital Management (LCM) has announced its half year results ended 31 December 2021. The company saw a gross profit of A$13.9m (H121: A$5.4m) and a further 89 applications received in the two month period to 28 February 2022 which demonstrates an acceleration in momentum and return to normal operating conditions. Overall, at the ten-and-a-half-year mark, LCM saw an increase in investment performance metrics achieving a cumulative Return on Invested Capital (ROIC) of 162%, [including losses] and a cumulative IRR of 79% (HY 2021: 78%).
In addition, total assets under management increased to A$343m at 31 December 2021 and A$386m by 8 March 2022.