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AUI — Australian United Investment News Story

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Australian United Investment Company jumps to record high on profit surge

BUZZ-Australian United Investment Company jumps to record high on profit surge

** Shares of Australian United Investment Company AUI.AX rise as much as 1.3% to a record high of A$12.050

** The investment management company posts full-year profit after tax of A$220.4 million ($156.70 million), up 342.1% year-on year

** Co says it has sufficient franking account balance and profit reserves to support special dividend of 8 Australian cents per share for each of next three years

** YTD, shares up 6.1%


(Reporting by Paridhi Minda in Bengaluru)

((paridhi.minda@thomsonreuters.com))

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