Carlton Investments' financial performance overview

Carlton Investments (ASX:CIN) held its 95th Annual General Meeting, revealing a net profit of $38.77 million for the year ending 30 June 2024. This marks a 3.6% increase from the prior year. The company remains committed to long-term investments, avoiding short-term trading.

Carlton Investments' strategic direction and future outlook

Carlton Investments (ASX:CIN) reported a net profit increase of 3.6% to $38.77 million, supported by a 5.2% rise in income from dividends and distributions. The market value of their investment portfolio reached $1.022 billion by June 2024. They paid a total dividend of $1.04 per share, although the dividend reinvestment plan remains suspended. With no external borrowings, the company focuses on long-term value investments. Going forward, Carlton Investments remains cautious of market volatility, aiming to enhance shareholder value through strategic capital management and potential share buy-backs.

Insights from Carlton Investments' leadership

The Group continues to invest for the long term without engaging in short-term trading or derivative activities. Our corporate governance practices are regularly reviewed and updated to ensure appropriate controls and procedures are in place, given the operational size of the Group.