Changes are happening - please bear with us while we update our site.

Join Free
Log in

Changes are happening - please bear with us while we update our site. Click here to give us your advice and feedback.

Join Free
Log in

Brickworks Limited (ASX:BKW) Builds FY18 Profit By 14%

Brickworks Limited (ASX:BKW) released its 2018 financial results to the market today revealing a 14% rise in net profit.
Picture of Jaz Harrison

Jaz Harrison

Jaz is a Staff Writer for Rask. She is a keen investor who loves to thoroughly poke holes in an investment idea before it has a chance of making it into her portfolio. Jaz invests for the long-term and doesn't sweat the small stuff. She strongly believes that empowering people with knowledge is the best way for them to take charge of their finances, which is exactly the approach she takes with her own money and investments.
More analysis

Brickworks Limited (ASX: BKW) released its 2018 financial results to the market today revealing a 14% rise in net profit.

Brickworks manufactures and distributes clay and concrete products with subsidiaries like Austral Bricks, it carries out property development and realisation, and manages investments. It is a major shareholder of Washington H. Soul Pattinson and Co. Ltd (ASX: SOL).

Brickworks Results:

[emaillocker]

Here are some of the highlights from its report:

  • Revenue fell by 2% to $821.1 million
  • Underlying EBITDA rose by 13% to $309.2 million
  • Underlying net profit increase 14% to $223.7 million
  • Reported net profit fell 6% to $175.4 million
  • Total dividends increased 6% to 54 cents per share

Although total revenue fell, building products revenue rose by 7% to $820 million, driven by demand from east coast divisions, particularly New South Wales and Victoria.

The statutory, or reported, profit declined 5.8% due to restructuring and commissioning costs within ‘Building Products’ and $39.2 million in net costs relating to Soul Patts significant items.

Brickworks Chairman Mr Robert Millner said:

“Our strong financial performance during the year again reinforced the benefit of our diversification strategy, which has consistently grown net asset value over the long term and helped deliver solid returns and stability to our shareholders.”

Outlook:

Brickworks said that market fundamentals remain supportive for new housing construction, however the tighter bank lending requirements is starting to impact building activity.

The company also recently created a new five-year wholesale gas agreement with Santos Ltd (ASX: STO) because of the uncertain energy market.

[/emaillocker]

The Best* Finance Podcast On Earth

The Rask Group’s Australian Investors Podcast is fast becoming Australia’s #1 podcast for serious investors. It provides unique insights from Australia’s best investors, entrepreneurs, authors and financial thinkers. Download the latest episode free on iTunes,  Castbox, YouTube or wherever you choose to listen.

Here’s a timeless interview with former stockbroker, Charlie Aitken.

*As voted by us

$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

You can INSTANTLY access Owen’s report for FREE by CLICKING HERE NOW and creating a 100% FREE Rask Account.

(Psst. By creating a free Rask account, you’ll also get access to 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

Access all reports now

Unsubscribe anytime. Read our Terms, Financial Services Guide, Privacy Policy. We’ll never sell your email address. Our company is Australian owned.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

Latest stories

Free passive income report
Skip to content