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Company News Summary

Brickworks Provides Analyst Presentation and Notes on Financial Results for Half Year Ended 31 January 2020

26 Mar 2020  |  11:32:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Analyst Presentation and Notes HY Jan 2020

Brickworks provided analyst presentation and notes on financial results for the half year ended 31 January 2020. It reported that whilst earnings in the first half were down on the record results achieved in the pcp, the Company has continued to make steady progress on the implementation of a range of strategic initiatives. During the half, the net asset value of Company share of Property Trust assets increased by $77m. The company delivered EBITDA from continuing operations of $170m, down 25% compared to the pcp. Development activity at Oakdale South continued during the period, with the completion of two new facilities resulting in development profits of $24m.

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