Australian Education promises strong dividend growth

The trust said it will lift dividends for the current financial year after posting a surge in net profit.

Australian Education Trust (AEU) said it will lift dividends again for the current financial year as net profit surged in 2012-13.

The childcare property owner, which is managed by Folkestone Investment, revealed a 71% uplift in net profit to $39.7 million for the year ended June 30, as total revenue inched up 1.7% to $41 million.

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