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An announcement from Washington H. Soul Pattinson and Co. ( (AU:SOL) ) is now available.
Washington H. Soul Pattinson and Company Limited reported a significant decrease in revenue from continuing operations by 77% to $629.5 million, and a complete drop in revenue from discontinued operations. However, the company saw a substantial increase in profit after tax attributable to members, rising by 5,438% to $690.7 million. Despite a 9% decrease in regular profit after tax, the company announced an increase in final and interim dividends, reflecting a strong commitment to shareholder returns. The financial results indicate a strategic shift and resilience in operations, despite challenges in revenue generation.
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.
Washington H. Soul Pattinson and Company Limited operates in the investment industry, focusing on a diversified portfolio across various sectors. The company is known for its strategic investments and market adaptability, catering to a broad range of stakeholders.
YTD Price Performance: 27.52%
Average Trading Volume: 573,797
Technical Sentiment Signal: Buy
Current Market Cap: A$15.64B
Learn more about SOL stock on TipRanks’ Stock Analysis page.