InvestSMART

AMCIL Limited (ASX:AMH)

ALERT: Price-sensitive ASX Announcement for AMH
Current share price for AMH : $0.920 -0.25 (-21.37%)+
Announcement
Release
24 Jan 2025 9:33AM
Price at Release
$1.170
Full Release
download
Summary
AMCIL Limited reported a profit of $3.6 million for the half-year ended 31 December 2024, a decrease of 12.6% compared to the same period last year, primarily due to lower contributions from trading and options portfolios. The company's portfolio delivered an 8.7% return during this period, outperforming the S&P/ASX 200 Accumulation Index, which returned 7.6%. An interim dividend of 1.0 cent per share was declared, consistent with the prior year's interim dividend. The directors remain optimistic about long-term investment returns despite current market challenges.
Key Points
  • Profit for the half year was $3.6 million, down 12.6% from the previous corresponding period.
  • Portfolio return for the six months to 31 December 2024 was 8.7%.
  • S&P/ASX 200 Accumulation Index return over the same period was 7.6%.
  • Interim dividend of 1.0 cent per share fully franked declared.
  • No LIC capital gains attached to the interim dividend.
  • Net tangible asset backing per share was $1.33 as of 31 December 2024.
  • Annualised management expense ratio increased to 0.53%.
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.