Australian Foundation Investment Company Limited announced audited consolidated earnings results for the half-year ended December 31, 2013. Revenue from operating activities (excluding capital gains) was AUD 150.4 million, 11.8% up from AUD 134.5 million reported at the previous corresponding period. Profit after tax attributable to members was AUD 137.0 million (up 3.7% on the previous corresponding period's AUD 132.1 million).

Net operating result for the half-year was AUD 137.0 million, 10.8% up from the previous corresponding period. This figure includes gains for the half-year on certain investments in the investment portfolio that are defined as 'puttable instruments' or non- equity investments. Income from operating activities AUD 155.913 million against AUD 141.085 million a year ago.

Operating result before income tax expense AUD 138.138 million against AUD 123.916 million a year ago. Profit is attributable to Equity holders (members) of Australian Foundation AUD 136.999 million against AUD 132.079 million a year ago. Diluted earnings per share was 13.08 cents against 12.73 cents a year ago.

Net cash inflow from operating activities was AUD 204.502 million against AUD 129.916 million a year ago. Net tangible assets per share before any provision for deferred tax on the unrealised gains on the long-term investment portfolio as at 31 December 2013 were AUD 5.78, up from AUD 4.93 at the end of the previous corresponding period (both before allowing for interim dividends).