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Boral review does not signal break-up plan: CEO

Simon Evans
Simon EvansSenior reporter

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Key Points

  • Revenue($m) 2989.1, flat 0.0%
  • Pre-tax profit ($m) 169.2, down 25.2
  • Net profit ($m) 136.5, down 40.3%
  • Interim dividend (¢) 9.5, down 26.9%
  • Date dividend payable April 15

Ailing building products group Boral has started a strategic review of its operations as it searches for a new chief executive, but current boss Mike Kane said this was not a forerunner of any break-up plan.

Mr Kane said on Thursday the review was designed to give whoever became the new chief executive a head start in assessing each of the Boral businesses and their growth prospects.

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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com

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    Original URL: https://www.afr.com/companies/infrastructure/boral-begins-strategic-review-analysis-20200219-p542fs