Washington H Soul Pattinson

As is usual with investment companies, the recently released half-yearly statutory results from Washington H. Soul Pattinson mean little. The group also reports a non-statutory figure—regular profit after tax—that compiles the company’s share of operating profits from its many investments. For the half, this figure increased 1.8% to $88.7m. Higher contributions from coal miner New Hope and TPG Telecom were mostly offset by lower results from Brickworks and CopperChem. Directors declared a fully franked interim dividend of 17 cents (ex date 13 Apr), up 13%. We went along to the results presentation hoping to hear more about the now...

As is usual with investment companies, the recently released half-yearly statutory results from Washington H. Soul Pattinson mean little. The group also reports a non-statutory figure—regular profit after tax—that compiles the company’s share of operating profits from its many investments. For the half, this figure increased 1.8% to $88.7m. Higher contributions from coal miner New Hope and TPG Telecom were mostly offset by lower results from Brickworks and CopperChem. Directors declared a fully franked interim dividend of 17 cents (ex date 13 Apr), up 13%.

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