Portfolio delivers strong outperformance in volatile market. Half-Year Report to 31 December 2023.

AMCIL manages a focused portfolio of high-quality companies that is expected to deliver above-market growth over the long term. Within this concentrated portfolio, large, mid and small companies can have equally important impact on portfolio returns.

• Half Year Profit after tax was $4.1 million, down to 0.6% from the previous corresponding period last year.
• The Board has declared an interim dividend of 1.0 cent per share fully franked, the same as the interim dividend last year.

AMCIL's 6-month portfolio return to 31 December 2023 was 11.7% including franking. The S&P/ASX 200 Accumulation Index return over this period was 8.3% including franking. The corresponding figures for the 12-months to 31 December 2023 were 21.2% and 14.0% respectively.

The portfolio has benefited from its substantial repositioning throughout the calendar year, with eleven new stocks added to the portfolio and five holdings removed during this period. In addition, there was a rebound in the share prices of long-term holdings increased market valuations across several quality companies.

For the six-month period the strongest contributors to the outperformance were long term holdings such as James Hardie Industries, Car Group, ARB Corporation, Goodman Group, REA Group and a relative new holding Gentrack Group which was added to the portfolio in the first half of the calendar year.

The full report released to the ASX is available by clicking the below button.