Brickworks: Result 2012

The building industry downturn continues to impact the company's building products division and its surplus land sales.

For the year ended 31 July 2012, Brickworks announced underlying net profit of $78.9m, down 22%. The headline result was $35.6m lower again as a result of significant items, dominated by $31.6m of goodwill writedowns in several segments of the Building Products division. Directors declared a fully franked final dividend of 27 cents (ex date 1 Nov), bringing the yearly total to 40.5 cents, unchanged from 2011.

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