Milford Funds reports 31% surge in annual profit despite volatile market
Milford Funds increased its after-tax profit to $22.1 million, up nearly a third from the previous year.
Milford Funds has reported a significant increase in profitability for the year to end-March, with after-tax profit rising 30.9% to $22.1 million from $16.9 million the previous year. The result came despite what was described as a challenging and volatile year for investors. Milford Funds is wholly owned by Milford Asset Management.
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Milford Funds’ full-year profit, revenue surge
Milford Funds has posted an almost one-third hike in its annual after-tax profit and revenue, in what was a challenging and volatile year for investors. The company, whose sole shareholder is Milford Asset Management, posted an after-tax profit up 30.9%…