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AFIC profit surges, casts wary eye on supply chains

Listed investment company Australian Foundation Investment Company has outperformed the market in the first half of 2021-22, but warns strong corporate earnings seen last year may be hit by supply chain disruptions.

“The question is … is it structural or is this temporary in nature?” AFIC managing director Mark Freeman told The Australian Financial Review.

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Ayesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets. Connect with Ayesha on Twitter. Email Ayesha at ayesha.dekretser@afr.com.au
Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au

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    Original URL: https://www.afr.com/companies/financial-services/afic-profit-surges-73pc-on-dividend-lift-20220124-p59qr6