Washington H. Soul Pattinson FY profit dips

Company News

Washington H. Soul Pattinson and Co. Limited (ASX:SOL) has posted a full year underlying net profit of $154 million, down 4 per cent from the year before.

Chairman Robert Millner says the investment company’s profit dip was mainly owing to lower results from its investments in Brickworks Limited (ASX:BKW) and CopperChem.

Mr Millner says the company’s diversification continues to deliver ongoing shareholder returns.

Washington H. Soul Pattinson has boosted its final dividend by 2 cents to 27 cents per share, bringing its full year shareholder payout to 44 cents.

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