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Australian Foundation Investment Co. Ltd. ( (AU:AFI) ) has provided an announcement.
Australian Foundation Investment Company Limited announced a modest increase in profit after tax for the half year ended 31 December 2024, reaching $154.2 million, a 2.7% rise from the previous period. The company’s revenue from operating activities increased by 3.0% to $173.5 million, driven by higher investment income and special dividends from major entities like Woolworths Group. The interim dividend is set at 12.0 cents per share, fully franked, and the portfolio return for the half year was 7.2%, closely trailing the S&P/ASX 200 Accumulation Index’s 7.6%. The company’s net tangible assets per share also saw a notable increase, reflecting strong performance despite reduced contributions from major bank dividends, positioning AFIC favorably for stakeholders.
More about Australian Foundation Investment Co. Ltd.
Australian Foundation Investment Company Limited operates within the investment industry, focusing primarily on generating income through a diversified investment portfolio. The company engages in acquiring and managing investments in listed Australian companies, providing shareholders with access to a broad spectrum of market opportunities.
YTD Price Performance: 0%
Technical Sentiment Consensus Rating: Buy
Learn more about AFI stock on TipRanks’ Stock Analysis page.
