You are using an older browser version. Please use a supported version for the best MSN experience.

Argo profit drops 5.2% to $216.3 million

AAP logoAAP 7/08/2016

Argo Investments' full-year profit has declined 5.2 per cent to $216.3 million, with the company citing lower returns on cash deposits and a drop in returns from its investment portfolio.

Profit for the 12 months to June 30 was down from $228.1 million a year earlier as Argo's returns on investment fell 1.2 per cent.

Argo declared a final dividend of 15.5 cents, unchanged from last year, and says it will offer shareholders a share purchase plan "in the near future", with an announcement to be made to the ASX when details are finalised.

image beaconimage beaconimage beacon