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Soul Pattinson (ASX:SOL) forecasts 86% profit growth

Soul Pattinson (ASX:SOL) forecasts 86% profit growth

Investment company Washington H Soul Pattinson (ASX:SOL) said it expects to post an after-tax operating profit of $210-230 million for the 2008-09 financial year – an 86% improvement year-on-year.

WHSP’s net profit will also be boosted by $875-895 million accrued from non-regular items such as the sale of its New Saraji coal project.

The company told the ASX it would publish its full audited results on 24 September.

WHSP shares were trading 2.8% higher at $12.24 at time of writing.

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Tags financial resultsWHSP

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