During the recent reporting season, 21 of the 29 LICs we cover that reported results for the six months to 31 December 2017 increased their profits over the prior comparable period.
Four of the five largest LICs by market capitalisation, Australian Foundation Investment Company (ASX:AFI), Argo Investments (ASX:ARG), Milton Corporation (ASX:MLT) and Australian United investment Company (ASX:AUI) all reported higher profits.
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