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

By William Gormly | More Articles by William Gormly

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.

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About William Gormly

William Gormly is an ETF/LIC Specialist at Bell Potter Securities. Will provides comprehensive coverage of the ETF and LIC sectors, producing a range of highly regarded reports covering investment fundamentals, asset class structure and cost, and the role of managed investments in portfolios.

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