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AMCIL Limited (ASX:AMH)

ALERT: Price-sensitive ASX Announcement for AMH
Current share price for AMH : $0.950 -0.175 (-15.56%)+
Announcement
Release
30 Jul 2024 3:12PM
Price at Release
$1.125
Full Release
download
Summary
AMCIL Limited reported a full-year profit of $7.5 million for the financial year ending 30 June 2024, which is comparable to the previous year's profit of $7.6 million. The company declared a final dividend of 2.5 cents per share along with a special fully franked dividend of 0.5 cents per share, resulting in a total dividend of 4 cents per share for the year. The portfolio delivered a return including franking of 20.5% over the year, outperforming the S&P/ASX 200 Accumulation Index, which returned 13.5%. Major contributors to this performance included Goodman Group, Gentrack, Macquarie Technology Group, CAR Group, Netwealth Group, and Wesfarmers. AMCIL has continued to focus on a portfolio of quality companies and made significant acquisitions and disposals during the year.
Key Points
  • Full-year profit of $7.5 million compared to $7.6 million the previous year.
  • Final dividend of 2.5 cents per share and special dividend of 0.5 cents per share declared.
  • Total dividend for the year amounted to 4 cents per share.
  • Portfolio return (including franking) was 20.5%, outperforming the S&P/ASX 200 Accumulation Index.
  • Top performing holdings included Goodman Group, Gentrack, Macquarie Technology Group, CAR Group, Netwealth Group, and Wesfarmers.
  • Several significant acquisitions and disposals were made during the year.
  • Long-term performance of the portfolio was 9.6% per annum over 10 years including franking.
  • Net tangible assets before deferred tax provision were $1.26 per share as of 30 June 2024.
  • Strong outperformance delivered despite underweight position in the banks sector.
  • Ongoing focus on investment in quality companies and strategic portfolio adjustments.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.