On 20 September 2018, Brickworks Limited (ASX: BKW) announced its financial results for the year ended 31 July 2018. The total revenue from operating activities declined by 2.5% from $841.8 million in 2017 to $821.1 million in 2018. The EBIT of the company was $279.8 million in 2018 which is 14% higher compared to the previous year. The increased underlying earning within the Building products, investment and property resulted in a total EBITDA of $309.2 million. The net profit after tax of the company declined by 5.8% from $186.2 million in 2017 to $175.4 million in 2018.The NPAT declined mostly due to restructuring and commissioning cost of Building Products. Basic earnings per share was 117.5 cents which are 5.9% less as compared to the previous year. During the FY 2018, the cash proceeds which were received from Property Trust sales were reinvested in Property Trust to fund further growth developments. The company’s board has declared a final dividend of 36.0 cents fully franked which has brought the total dividend 54 cents per share for the year 2018.
After the release of the financial result, the share price of the company declined by 5.032 percent as on 20 September 2018.
BKW’s share traded at $16.230 with market capitalization of circa $2.55 billion as of 20 September 2018 (AEST 3:23 PM)
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