Brief: Brickworks Says BKW Manufacturing Trust Launched & Record Property Earnings

Brickworks

22/07/2022 02:29

July 22 (Reuters) - Brickworks Ltd  BKW.AX :
    * BKW MANUFACTURING TRUST LAUNCHED & RECORD PROPERTY
EARNINGS-BKW.AX
    * BRICKWORKS MANUFACTURING TRUST LAUNCHED, VALUED AT A$416
MILLION
    * HIGHER BUILDING PRODUCTS AUSTRALIA AND NORTH AMERICA
EARNINGS IN
FY22
    * BRICKWORKS SEES EBIT FROM BUILDING PRODUCTS OPERATIONS IN
AUSTRALIA AND NORTH AMERICA TO BE HIGHER IN FY 2022
    * EBIT FROM AUSTRALIAN BUILDING PRODUCTS BUSINESS IS
EXPECTED TO
BE IN EXCESS OF 20% HIGHER IN FY22
    * HAVE NOT BEEN SIGNIFICANTLY IMPACTED BY EXTREME GAS AND
ELECTRICITY PRICES
    * BRICKWORKS LTD SEES FY22 PROPERTY EBIT LIKELY TO BE IN
EXCESS OF
A$620 MILLION
    * HAVE A FIXED PRICE WHOLESALE GAS CONTRACT IN PLACE WITH
SANTOS
ON EAST COAST UNTIL DEC 2024
    * BRICKWORKS LTD SEES NORTH AMERICA EBIT IN FY 2022 TO BE
MORE
THAN DOUBLE PRIOR YEAR
    * HAVE SEEN A MODEST RECOVERY OF BUILDING ACTIVITY IN CORE
COMMERCIAL MARKET ACROSS NORTHEAST AND MIDWEST REGIONS IN NORTH
AMERICA
    * HAVE LONG-TERM FIXED PRICE GAS CONTRACTS ACROSS MAJORITY
OF
PLANTS IN NORTH AMERICA
    * COMPLETION OF NEW BRICK PLANT AT HORSLEY PARK WILL BE
DELAYED BY
AROUND SIX MONTHS

Source text for Eikon:  ID:nASX8JQwyC 
Further company coverage:  BKW.AX