Company’s portfolio returned 6.4% including franking credits, significantly trailing the S&P/ASX 200 Accumulation Index return of 15.1% MELBOURNE: Investment firm AMCIL Limited announced a full-year profit of $6.7 million for 2024/2025, down from $7.5 million the previous year, amid portfolio underperformance relative to the broader Australian market. The company’s portfolio returned 6.4% including franking credits,…
MELBOURNE: Australian Foundation Investment Company (AFIC) has announced a fully franked special dividend of 5 cents per share alongside its final dividend, despite posting a slight decline in profit for the fiscal year ended June 30. AFIC reported a net profit of A$285.0 million, down 3.9% from A$296.4 million a year earlier. Revenue from operating…
LONDON: Riverstone Energy Limited (REL), a publicly traded energy investment company, announced Monday that it has reached an agreement in principle with its investment manager, RIGL Holdings LP, to initiate a managed wind-down of its remaining investment portfolio. The proposed wind-down, which requires shareholder approval, would involve the orderly liquidation of REL’s assets and the…