Boral sees a tiny glimmer of hope after horror year
Key Points
- Revenue ($m) 5728.4, down -2.3%
- Pre-tax profit ($m) 202.7, down-61.7%
- Net profit ($m) -1138.6, down-553.6%
- No final dividend
Boral chief executive Zlatko Todorcevski says the building products group isn't planning a capital raising as part of his revival plans and that other potential asset sales and the struggling North American business are being considered as a strategic review nears completion.
Mr Todorcevski is still deciding whether the poor-performing US operations should be offloaded and said on Friday he would make announcements on the future shape of the company and its capital structure by late October.
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