Argo Investments Reports NPAT Of $199.5 Million And Dividend Of 14 Cents/Share In FY2020

August 17, 2020 12:18 PM AEST | By Team Kalkine Media

Google News:

Recent News

Gold Resource Corporation Adds to Board of Directors

Bioxyne (ASX:BXN) Gains Global GMP Nod and Inks $5.6M German Deal Amid...

Warm Autumn Weighs on Kathmandu Sales: KMD Brands Warns of Earnings Sl...

HomeCo (ASX:HDN) Gains as Portfolio Value Rises, ASX200 Outlook Reinfo...

Argo Investments Limited (ASX:ARG) has reported a drop of 22.2% in its profit to A$199.5 million and EPS by 22.8% to 27.8 cents. The final dividend per share for the year is 14 cents which was 17 cents in FY2019. The full year dividend was 30 cents, a drop of 9.1% as compared to the previous corresponding period.

The company highlighted that its profit was impacted by the COVID-19 pandemic, with dividends being either deferred, cancelled or cut for the period by several companies in the investment portfolio. The major negative impact on Agro’s dividend income was due to the companies like NAB, ANZ and Westpac.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.