Milton lifts 1H profit

Company News

Milton Corporation Limited (ASX:MLT) shareholders will receive an increased interim dividend after delivering a first half net profit of $61.2 million, up almost 9 per cent on the same period a year ago.
 
The listed investment company has declared an interim dividend of 8.2 cents per share fully franked.
 
Underlying operating profit came in at $58.8 million, excluding special dividend income, up 6.7 per cent on the previous corresponding period.
 
Milton’s Managing Director Frank Gooch says company has delivered increased investment income from its diversified portfolio of Australian listed companies.
 
The company says shareholders may also now participate in a dividend reinvestment plan.