Australian Infrastructure Fund $175.5m Profit 1H2013

Submitted by Share Trading on 26 February, 2013 - 12:13

Australian Infrastructure Fund (ASX:AIX) have released its financial first half results for 2013 to shareholders and investors.

  • Australian Infrastructure Fund net profit $186 million, up 155 percent.
  • AIX increase in profit was due to a $186 million revaluation of its stakes in Australian Airports after a $2 billion bid from the Future Fund.
  • The company also benefitted from higher returns from its airport investments with Perth Airport dividends received increased to $14.9 million, up $5 million while dividends from Queensland airports increased by $8.2 million to $9.4 million.
  • AIX has declared an interim dividend of 5.5 cents per security.

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