Brickworks managing director Lindsay Partridge says Western Australia remains an attractive market despite setbacks during the year, when it undertook a major restructure of its Austral Bricks WA and Auswest Timbers businesses.
The building materials supplier’s net profit was flat at $78.2 million on the back of a decline in building activity in WA.
Brickworks posted a $68.9 million impairment charge after restructuring Austral Bricks and Austwest Timbers plants in the state.
Auswest operations were restructured following the companys acquisition of the previously closed Greenbushes sawmill, which incurred one-off costs totalling $7.6 million.
The closure of its Deanmill site also formed part of the write-downs, while production volume was …
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