AMP 2012 Profit Up 2% - AMP (OTC:AMLTF)

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

AMP (OTC: AMLTF) reported a 2% rise in its annual net profit. AMP's 2012 net profit climbed to 704 million Australian dollars (US$722 million), versus A$688 million, in the year-ago period. However, analysts were expecting a profit of A$687 million. Its underlying profit rose to A$955 million, from A$909 million. AMP announced its plans to pay a final dividend of 12.5 cents per share, versus 14 cents per share in 2011.

27% profit every 20 days?

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