Weak results drag Australia's Carlton Investment to their worst day since May

Carlton Investments

17/08/2021 06:29

** Shares of Carlton Investments Ltd  CIN.AX  down as much
as 1.74% - their sharpest fall since May 25
    ** CIN lowest since July 30 at A$30.52 
    ** Investment firm's FY21 net profit down 46.3% to A$21.1
mln ($15.42 mln)  urn:newsml:reuters.com:*:nFWN2PN16S
    ** Dividend income dropped 47.1% to A$20.4 mln
    ** Says group's largest investment in Event Hospitality and
Entertainment affected by COVID-19 related restrictions 
    ** CIN expects dividend income for FY22 to remain below FY20
    ** Declares final dividend of A$0.41 per share, compared
with A$0.56 per share paid last year
    ** Stock up 12.54% so far this year, as of Monday's close 
    



($1 = 1.3684 Australian dollars)

 (Reporting by Dhriti Garg in Bengaluru)
 ((Dhriti.Garg@thomsonreuters.com))