Australia's Brickworks tumbles as FY profit drops

Brickworks

28/09/2023 01:57

** Shares of Brickworks  BKW.AX  fall as much as 9.5% to
A$23.34, set for worst day since March 27, 2020 if losses hold
    ** Stock top loser on the benchmark ASX 200  .AXJO  
    ** Brick maker posts a 32% drop in FY23 underlying NPAT to
A$508 mln ($322.88 mln) 
    ** BKW declares a final dividend of 42 Australian cents per
share
    ** BKW hits lowest level since April 21 
    ** Stock up 16% this year, as of last close 
    ($1 = 1.5733 Australian dollars)

 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))