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Bell Potter LIC Weekly: AFI Maintains Dividend, 5 Years Of Coverage

Bell Potter analyst William Gormly updates developments in the LIC market where Australian Foundation Investment Company Limited (AFI) has announced its preliminary results for the reporting period ended 30 June 2020.

Australian Foundation Investment Company Limited (AFI) has announced its preliminary results for the reporting period ended 30 June 2020. AFI recorded a net profit of $240.4m, representing a 40.8% decrease from the prior corresponding period (pcp). This was predominantly due to a sharp decline in total revenue from operating activities, which stood at $264.3m, down 40.1% from pcp.

For full details refer to the detailed report below or click here to download your copy.

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