Brickworks Limited Faces Tough FY2024

Brickworks Ltd (AU:BKW) has released an update.

Brickworks Limited reports a significant downturn in its FY2024 financial results, with statutory net profit after tax (NPAT) dropping to a loss of $119 million, a stark contrast to the previous year’s $394.69 million profit. Despite challenging conditions, including non-cash property revaluations and impairments, the company managed to increase its final dividend by 2.38% to 43 cents per share. The company’s net debt has risen to $682 million with a gearing of 20%, and all accounts have been audited without any disputes or qualifications.

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