DEVELOPMENT financier AIDC Ltd posted a 40 per cent drop in net profit to $28.8 million in the year to June, but expects to record a "much higher level of profit" in the next year.

The result is likely to be the company's last for some time as a listed entity, with the Federal Government making a $2.20 per share offer for the 20.96 per cent of the company it does not own.