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IFM Investors has boosted payouts to the board by more than 20 per cent despite reporting a fall in profits for the second year in a row, blaming heightened global geopolitical tensions for a tough market.
In its latest filing with the corporate regulator the $260 billion infrastructure powerhouse, which manages major superannuation funds’ money, showed profit after tax fell 5 per cent to $114 million last financial year.
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