AFI Reports 40.8 per cent Decline in Net Profit

  • Jul 27, 2020 NZST
  • Team Kalkine
AFI Reports 40.8 per cent Decline in Net Profit

For the full-year ended 30 June 2020, Australian Foundation Investment Company Limited (NZX:AFI) reported a net profit of $240.4 million, down by 40.8 per cent from the previous year. Net profit attributable to members was $239.9 million, down by 40.9% from the previous year.

  • Revenue from operating activities stood at $264.3 million, 40.1% down from the prior year and Management Expense Ratio was 0.13% for the year;
  • The outlook of AFI remains unclear as companies in its portfolio face an extremely difficult operating environment.

 


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