Cement News tagged under: Boral
Boral's pre-tax profit rises by 38.9%28 August 2015, Published under Cement NewsBoral's turnover in its financial year to the end of June 2015 declined by 15.2 per cent to AUD4415m (EUR2893m) but the EBITDA improved by 8.8 per cent to AUD605m (EUR396m). The trading profit advanced by 21.4 per cent to AUD357m (EUR234m) and after a net interest charge 22.9 per cent lower at AUD64m (EUR42m) the pre-tax profit rose by 38.9 per cent to AUD293m (EUR192m). The net attributable profit increased by 48.6 per cent to AUD257m (EUR168m). Net debt at the end of June was increased ... |
Australia: Boral set for building price boost12 March 2015, Published under Cement NewsPrice increases for building materials products suggest Boral Ltd shares could go higher, says Deutsche Bank. Dow Jones reports that the broker notes suppliers of construction materials such as cement are targeting price increases of 8-20 per cent from April. "While price increases were relatively unsuccessful in 2014, we believe there is a greater likelihood of success this year given demand conditions are more robust, and industry discipline appears to have improved (particularly in Que... |
Australia: Boral swings to profit11 February 2015, Published under Cement NewsBoral Ltd today reported a 23 per cent increase in profit after tax (before significant items) to $112m in the six months to the end of December 2014. After significant items, net profit was $104.5m, compared to a loss of $26.3m in the first half of the 2014 financial year. But turnover for the six months to the end of December declined by 20.5 per cent to AUD22285m (€1561m), largely reflecting the transfer of the plasterboard business to joint venture status. EBITDA was off by 5.5 per ce... |
Boral's cement shipments rise by three per cent28 August 2014, Published under Cement NewsBoral's turnover in its financial year to the end of June 2014 eased by 1.6 per cent to AUD5204m (EUR3646m), but the EBITDA improved by 3.9 per cent to AUD556m (EUR390m). The trading profit advanced by 28.9 per cent to AUD294m (EUR206m) and after a net interest charge 14.4 per cent lower at AUD83m (EUR58m) the pre-tax profit rose by 62.7 per cent to AUD211m (EUR148m). The net attributable profit went from an AUD212m (EUR149m) loss to a profit of AUD173m (EUR121m) profit. Net debt at t... |
Australia: Boral accuses union of blackmail10 July 2014, Published under Cement NewsBoral's chief executive has gone on the offensive accusing the construction union of blackmail, a criminal conspiracy and an unlawful boycott of the company over the past 18 months. Mike Kane, Boral CEO, told the Royal Commission into trade unions that, despite getting an injunction against the Construction, Forestry, Mining and Energy Union (CFMEU), Boral has been frozen out of construction work in Melbourne. Now the dispute is being played out in the Royal Commission into Trade Union Gov... |
Boral sharply improves net profit12 February 2014, Published under Cement NewsBoral reported that turnover for the six months to the end of December was ahead by 3.6 per cent to AUD2874m (EUR1894m) and EBITDA rose by 16.3 per cent to AUD307m (EUR202m). The trading profit advanced by some 49 per cent to AUD168m (EUR111m) and after a net interest charge six per cent lower at AUD47m (EUR31m) and a higher tax charge, the net attributable profit before exceptional items emerged some 73 per cent ahead at AUD90m (EUR59m). Net debt at the end of December was 7.4 per... |
Australia: Boral suffers AUD212m annual loss21 August 2013, Published under Cement NewsBoral's net loss in the year to 30 June was down from a AUD177m (US$159.5m) profit in the FY11-12. It suffered a AUD212m (US$191m) annual loss. The fall in revenue was caused mainly by a AUD316m cost in asset write-downs and restructuring. The company also recorded the loss of 2130 jobs. However, underlying profit was AUD104m, up three per cent from the previous year. Chief executive Mike Kane said the company continued to face significant challenges. "We experienced low levels of activity... |
Boral's 3Q earnings hit by weak residential market, Australia06 May 2013, Published under Cement NewsAustralian building materials major, Boral Ltd, announced that continued weakness in the domestic housing sector and weaker-than-expected results from its Construction Materials and Building Products operations adversely impacted its third quarter earnings. In a recent trading statement, the company said it now expects its net profit before one-off items to 30 June 2013 to be in the range A$90m to A$105m, assuming a further US$10m from property sales yet to be finalised. That would compa... |
Boral consolidates Australian construction and cement divisions04 March 2013, Published under Cement NewsBuilding materials producer Boral Ltd has said it will consolidate its Australian construction materials and cement segments into one Australian division as part of ongoing restructuring initiatives. As a result of the merger, Joseph Goss has been appointed Divisional Managing Director, Boral Construction Materials and Cement, effective 1 April 2013. Mr Murray Read’s position of Divisional Managing Director, Boral Construction Materials will be made redundant and Mr Read will leave the or... |
Boral boosted by Asian acquisition from Lafarge13 February 2013, Published under Cement NewsBoral increased its turnover for the six months to the end of December by 14 per cent to AUD2774m (€2130m) and the EBITDA was ahead by eight per cent to AUD256m (€197m). Without acquisitions, the largest of which was Lafarge's share of the Asian plasterboard business, turnover would have been broadly stable. Trading profit was just three per cent higher at AUD112m (€86m) and after a net interest charge 47.1 per cent up at AUD50m (€38m), the pre-tax profit declined by some 16 per cent to A... |