.
Argo Investments Ltd (ASX:ARG) has reported a profit of $153.9 million up from $127.4 million a year ago.
Annual operating profit however, was 12.6% lower at $142.8 million before net realised gains on the sale of long term investments, compared with $163.4 million in the previous year.
The investment company with total assets of $3.6 billion increased income in the second half of fiscal 2010.
The company reports first-half operating profit was down 23.6%.
Managing Director Rob Patterson said the 2009-2010 result had been achieved in a difficult economic environment that impacted the company's earnings and lead to a cautious approach to dividend payments.
Mr Patterson also adds that Argo has current cash reserves of around $240 million and no debt.
Argo reported a loss of $64.42 million for the year ending 30 June 2009.
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Last
$8.83 |
Change
0.040(0.46%) |
Mkt cap ! $6.815B |
Open | High | Low | Value | Volume |
$8.85 | $8.85 | $8.80 | $585.8K | 66.25K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 150 | $8.82 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.85 | 6868 | 4 |
View Market Depth
No. | Vol. | Price($) |
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2 | 432 | 7.630 |
4 | 6421 | 7.620 |
10 | 28630 | 7.610 |
55 | 111350 | 7.600 |
5 | 2007 | 7.590 |
Price($) | Vol. | No. |
---|---|---|
7.650 | 16007 | 6 |
7.660 | 2220 | 4 |
7.670 | 3205 | 2 |
7.680 | 37046 | 4 |
7.690 | 2000 | 1 |
Last trade - 10.19am 07/11/2024 (20 minute delay) ? |
ARG (ASX) Chart |