Amcil Limited Announces Earnings Results for the Half Year Ended December 31, 2017
January 22, 2018 at 11:16 pm
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Amcil Limited announced earnings results for the half year ended December 31, 2017. For the period, the company reported total revenue of AUD 4,124,000 compared to AUD 3,309,000 a year ago. Income from operating activities was AUD 3,204,000 compared to AUD 3,192,000 a year ago. Profit before income tax expense was AUD 2,371,000 compared to AUD 2,392,000 a year ago. Profit for the half-year was AUD 2,566,000 compared to AUD 2,352,000 a year ago. Basic earnings per share was AUD 0.99 compared to AUD 0.92 a year ago. Net cash flow from operating activities was AUD 5,086,000 compared to AUD 2,731,000 a year ago. Profit for the half-year, was up 9.1% from the previous corresponding period. This was primarily due to increased distributions from stocks that the company owns, plus the addition of some higher-yielding stocks to replace those sold.
AMCIL Limited is an Australia-based investment company. The Company is a medium to long-term investor in the Australian equity market. Its objective is to provide shareholders with returns that exceed the market over the medium to long term through capital growth in the portfolio over the medium to long term together with the generation of dividend income. The Company invests in various sectors, including healthcare, consumer discretionary, industrials, other financials, information technology, communication services, materials, banks, real estate, cash, consumer staples, and energy.