Tag: BKW

Brickworks says it has started its new financial year in a positive fashion with its core Australian building products (bricks and tiles) boosting earnings for the first quarter well ahead o the same period in 2019-20.

A one-off change of accounting treatment for its indirect holding in telco, TPG saw Brickworks nearly doubled its full-year profit to $299 million and lifted its final payout. It was that boost only that helped Brickworks in a year when sluggish housing activity and the coronavirus pandemic wreaked havoc on its normal operations.

Brickworks says it has laid off staff as it suffered a 10% slide in its Australian sales revenue over the last four months.

Building products group Brickworks’ full-year net profit has more than doubled to $186.2 million, helped by a land sale and increased investment earnings, but not so much its signature building products arm – its brick manufacturing operations.

Linked companies, Washington H. Soul Pattinson and Brickworks are major shareholders in each other, and share board members. And they also share a rather parsimonious approach to rewarding shareholders.

Building materials group Brickworks (BKW) has given a bullish outlook for the sector running into 2017.

Building products and property group, Brickworks Ltd has confirmed it is expecting better than anticipated earnings for the 2015-16 financial year, thanks to buoyant building activity coupled with a higher than expected contribution from its property development arm.

Brickworks shares fell yesterday despite a record interim profit and higher dividend, all thanks to the booming housing sector.

Australia’s biggest brick maker, Brickworks (BKW) has rejected claims from some in the building industry that the home building and apartment boom in the eastern states is nearing a peak, with a big drop to follow.

Brickworks Ltd (BKW) has lifted its interim dividend despite a slight fall in half-year net profit because it expects to keep reaping the rewards of the current upturn in housing activity, which “shows no sign of easing”.

Thanks to the still high levels of new home and apartment building, Brickworks (BKW) says it’s heading towards the best market conditions it has faced in more than a decade, as the building products group reported a 20.7% jump in full-year net profit to $102.8 million.

First it was Boral (BLD) with its interim profit, revealing a sharp improvement as the local building boom kicked in – next week it will be CSR no doubt reporting signs of life.

The impact of the federal government’s stimulus spending has shown up in a first quarter trading update by Brickworks. The country’s leading brick and tile maker.