Bailador Technology Investments reported strong financial results for the first half of FY24, with a 772% gain in financial assets and a 522% rise in net profit.

The company booked a net profit of $22 million, up by $27.2 million from the year-ago period.

The surge was primarily attributed to SiteMinder's strong performance, driving its share price up by 76% since June 2023.

Bailador declared a fully franked interim dividend of 3.5 cents per share, to be paid on Feb. 29.