Boral will take a $1.22b pre-tax impairment on its North American assets
Boral expects full-year EBITDA before significant items to be $800m-$825m
NPAT before one-offs is seen in the range of $175m-$180m
Shareholders in ailing building products group Boral will miss out on a final dividend for the first time in 31 years as profits tumble and the group takes the knife to the value of its United States operations as part of $1.35 billion in impairments across the company.
Investors are closely focused on whether Boral might need to raise fresh capital as part of new chief executive Zlatko Todorcevski's clearing of the decks as he moves closer to deciding if the poor-performing US operations should be offloaded.
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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
