Australia's Washington H. Soul Pattinson drops on lower FY profit

Washington H. Soul Pattinson and

28/09/2023 02:18

** Shares of Washington H. Soul Pattinson and Co  SOL.AX 
fall as much as 5.7% to A$32.050, their lowest since Aug 28
    ** Stock last down 5.5%, faces worst day since Sept 18 if
losses hold
    ** Diversified investment firm reports decrease in FY
regular profit after tax attributable to A$759.3 mln ($483.22
mln) from A$834.6 mln
    ** Firm reports a 77% drop in FY revenue from cont ops to
A$629.5 mln
    ** Stock up 22.9% this year, as of last close

($1 = 1.5713 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((Shivangi.Lahiri@thomsonreuters.com;))