Company News Summary | 24 Mar 2022

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Brickworks Provides Review of Operations for Half Year 2022 Report

08:45:00 | Associate analysts

Original annuncemenet:Review of Operations HY Jan 2022

Brickworks posted a Statutory NPAT of $581m for the half-year ended 31 January 2022, up 720% on the pcp. Underlying NPAT from continuing operations was $330m, up 269% on the prior period. On sales revenue of $348m, Building Products Australia Earnings Before Interest and Tax from continuing operations (EBIT) was $27m, up 66% on the pcp (EBITDA was $54m). The improved result was primarily due to an uplift in earnings from Austral Bricks, driven by strong underlying demand across all states.

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