Australian Ethical NPAT up 17% Jassmyn Goh
24 February 2021
INDUSTRY NEWS
Australian Ethical has posted a net profit after tax (NPAT) increase of 17% to $5.2 million, for the half year ended 31 December, 2020.
In an announcement to the Australian Securities Exchange (ASX), the fund also posted an underlying profit after tax of $4.9 million, up 11%, and an interim dividend of three cents per share, fully franked.
Its funds under management for the period increased 30% ($1 billion) to $5.05 billion, with record net inflows of $422 million (up 43%). Customer numbers were up 22% from 31 December, 2-019.
AEF Price at posting:
$6.45 Sentiment: Buy Disclosure: Held
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