Washington H. Soul Pattinson Reports Strong Half-Year Results with Increased Revenue and Dividends

Washington H. Soul Pattinson and Co. Ltd. ( (AU:SOL) ) just unveiled an announcement.

Washington H. Soul Pattinson and Co. Ltd. reported a 27% increase in revenue from continuing operations for the half-year ending January 31, 2025, reaching $492.7 million. The company’s profit after tax attributable to members rose by 8% to $326.9 million, while regular profit after tax saw an 18% increase. The interim dividend was raised to 44 cents per share, reflecting a 10% increase in net cash flow from investments. The Dividend Reinvestment Plan will continue without a discount, and the net tangible asset backing per security increased slightly.

More about Washington H. Soul Pattinson and Co. Ltd.

Washington H. Soul Pattinson and Co. Ltd. operates in the investment sector, focusing on managing a diversified portfolio across various industries. The company is known for its strategic investments and consistent dividend payouts, catering to a broad range of stakeholders.

YTD Price Performance: -2.58%

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $7.68B

For detailed information about SOL stock, go to TipRanks’ Stock Analysis page.