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Washington H. Soul Pattinson and Co. ( (AU:SOL) ) has shared an update.
Brickworks Limited, a prominent player in the construction and building materials industry, has reported its financial results for the year ending July 31, 2023. The company experienced a 54% decline in statutory net profit after tax to $395 million, with underlying net profit from continuing operations down 32% to $508 million. Despite these declines, the company declared a final dividend of 42 cents per share, marking a 2% increase. The report highlights a challenging year with reduced profits across various segments, including a 51% drop in EBITDA for Building Products Australia. However, the net tangible assets per share increased by 9% to $19.96, and the share of net assets within Property Trusts rose by $520 million.
The most recent analyst rating on (AU:SOL) stock is a Hold with a A$43.15 price target. To see the full list of analyst forecasts on Washington H. Soul Pattinson and Co. stock, see the AU:SOL Stock Forecast page.
More about Washington H. Soul Pattinson and Co.
YTD Price Performance: 27.52%
Average Trading Volume: 573,797
Technical Sentiment Signal: Buy
Current Market Cap: A$15.64B
Find detailed analytics on SOL stock on TipRanks’ Stock Analysis page.