Manufacturer of building products Brickworks Ltd
(ASX:BKW) has reported a record financial result for the year, with earnings up 5.1 per cent to $113.7 million.
The result for the 12 months to July 31 compared to a profit of $108.2 million the year before.
The company also announced a share purchase plan to enable eligible shareholders to acquire up to $15,000 worth of shares at $12.40 a share.
Brickworks says the record result proved the effectiveness of the diversification of earnings provided by its building products, land and development and investment divisions, and says the company is well positioned for economic recovery and growth.
Revenue rose 7.2 per cent to $593.5 million, with the company declaring a dividend of 26.5 cents a share.
Managing director, Lindsay Partridge the outlook for the coming year is for another solid result boosted by an expected recovery in Building Products, lower borrowing costs and another solid return from Investments. Brickworks 2008 net profit dipped slightly from the year before.
