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Adelaide Brighton pays special dividend as profit up 20pc to $207.9m

Tim BinstedReporter
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Adelaide Brighton chief executive Martin Brydon said the materials industry is struggling to supply enough concrete for the east coast housing boom after unveiling a 20.4 per cent jump in profit to $207.9 million.

Mr Brydon said record Australian residential construction will ease, but he anticipates the long-awaited infrastructure wave will support sales of cement, concrete, aggregates and other materials and underpin price increases.

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Tim Binsted writes on Business specialising in Agriculture, Construction, Manufacturing. Tim is based in our Sydney newsroom. Connect with Tim on Twitter.

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    Original URL: https://www.afr.com/business/construction/adelaide-brighton-pays-special-dividend-as-profit-up-20pc-to-2079m-20160224-gn2fiz