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Cin Carlton Investments Carlton Investments Limited ABN 85 000 020 262 Level 15 , 478 George Street Sydney NSW 2000 GPO Box 1469 Sydney NSW 2001 P 02 9373 6732 F 02 9373 6539 E info@carltoninvestments.com.au w carltoninvestments.com.au REPORT TO SHAREHOLDERS ON HALF YEAR RESULTS TO 31 DECEMBER 2020 The Company's Appendix 4D and financial report for the half - year ended 31 December 2020 were lodged with the Australian Securities Exchange ( ASX ) on 16 February 2021 and are available to be downloaded from the Company's website or the ASX website . KEY POINTS • • • Profit for the half year was $ 8,910,000 , a 61.0 % decrease on the result for the previous corresponding half - year of $ 22,827,000 . Dividends and distributions received and receivable of $ 8,695,000 decreased by $ 14,848,000 or 63.1 % as most investee companies , with the exception of some mining companies , continued to conserve funds and pay reduced dividends or no dividend due to the impact of COVID - 19 . Net tangible asset backing per ordinary share , before provision for tax on unrealised capital gains , was $ 31.98 as at 31 December 2020 , up 12.2 % from 30 June 2020. The net tangible asset backing per share , after provision for tax on unrealised capital gains , was $ 27.18 at 31 December 2020 , up 10.3 % from 30 June 2020 . An interim dividend of 26 cents per ordinary share will be paid on 22 March 2021 . CONSOLIDATED OPERATING PROFIT The consolidated net profit for the half year to 31 December 2020 attributable to the members of Carlton Investments Limited was : Profit before income tax Income tax credit / ( expense ) thereon Net profit for the half year 31 December 2020 $ 000 31 December 2019 $ 000 8,404 23,261 506 ( 434 ) 8,910 22,827 REVIEW OF OPERATIONS FOR THE HALF - YEAR Net profit for the half year to 31 December 2020 was $ 8,910,000 , representing a decrease of $ 13,917,000 or 61 % on the previous corresponding half year period . Dividends and distributions received and receivable of $ 8,695,000 decreased by $ 14,848,000 or 63.1 % , with the prior corresponding half year period to 31 December 2019 not being impacted by the COVID - 19 pandemic . In the half year to 31 December 2020 most investee companies , with the exception of some mining companies , continued to conserve funds and pay reduced dividends or no dividend . The largest reductions in dividends received came from the Group's investment in Event Hospitality & Entertainment , who did not pay a dividend in the half year ( prior corresponding half year dividend received - $ 9,544,000 ) and also from investee companies in the banking sector whose dividends decreased by $ 3,686,000 . Included in dividends received were special dividends of $ 257,000 compared to $ 407,000 in the previous corresponding half year .