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Stock impact report

Australia's Brickworks soars on underlying profit beat, higher dividend [Yahoo! Finance Canada]

MDxHealth SA - Ordinary Shares (MDXH) 
(Reuters) - Shares of Brickworks soared 9% on Thursday after Australia's largest brick manufacturer reported underlying annual profit ahead of estimates and declared a higher final divided, even as building activity slowed across key markets. Underlying net profit after tax fell 88% to A$61.2 million ($41.82 million) for the year ended July 31, but was ahead of the Visible Alpha consensus estimate of A$32.3 million. Price hikes and improved productivity helped the Sydney-based firm log higher underlying earnings from its building products operations in Australia and North America, despite challenging market conditions. Shares of the company rose as much as 8.95% in their biggest intraday gain in more than three years, as of 0042 GMT, and were the top performer on the ASX 200 benchmark index. On a statutory basis, Brickworks swung to a net loss after tax of A$118.9 million, compared to a profit of A$394.7 million a year earlier, as it recorded impairments related to its proper Show less Read more
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