Milton’s NPAT Marginally Down from the PCP

  • Jan 23, 2020 AEDT
  • Team Kalkine

Milton Corporation (ASX: MLT) reported net profit after tax of $70.2 million down 0.6% from the pcp for the half year to 31 December 2019. Earnings per share decreased by 1.6% to 10.49 cents per share.

  • Special dividends of $2.6 million (before tax) were received from portfolio companies including ASX, Rio Tinto and Telstra;
  • Underlying profit, which excludes special dividends declined 1.9% to $67.7 million with underlying earnings per share down 2.9% to 10.11 cents per share;
  • During the quarter, the company exited Bank of Queensland, Bendigo and Adelaide bank, Westpac and ANZ.

At AEST 01:02PM, the stock was trading at $5.020 per share, down by 0.791% from its previous close.

 

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