Australia's Brickworks hits 1-1/2 year low on impairment charge

Brickworks

11/03/2025 24:31

** Shares of Brickworks BKW.AX fall 7.53% to A$23.69, their lowest level since late September 2023

** Stock among top losers on benchmark ASX 200 index .AXJO

** Co expects to record a non-cash impairment charge of A$55 mln ($34.53 mln) in 1H25 due to poor market conditions in North America, leading to a 13% drop in revenue vs pcp

** Challenging conditions in North America, including strong competition, reduced demand leading to plant shutdowns and uncertainty around market recovery have contributed to the impairment — BKW

** Shares of co earlier in the day dropped 10.5%

** BKW down 7.5% YTD

($1 = 1.5929 Australian dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com))