News: SOL offers mixed outlook for key holdings

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Washington H. Soul Pattinson and Company Limited (ASX:SOL) has offered a mixed outlook for some of its key shareholdings.

 

In its outlook for New Hope Corporation Limited (ASX:NHC) the company says coal prices in the short term will remain flat and says the company is anticipating another difficult year ahead.

 

The company reported that New Hope’s focus for 2015 remains active management of risks to ensure ongoing cost effectiveness.

 

New Hope’s production in 2015 is anticipated to be similar to that in 2014.

 

Meanwhile the company’s outlook for Brickworks Limited (ASX:BKW) was upbeat, suggesting the first half of 2015 is likely to be the strongest market for more than a decade.

 

The optimism is driven by an upturn in detached housing activity as well as record levels of apartment construction.

 

Washington H. Soul Pattinson reported a net profit of $155.6 million in the 2014 financial year.