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Boral sees a tiny glimmer of hope after horror year

Simon Evans

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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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-sees-a-tiny-glimmer-of-hope-after-horror-year-20200827-p55q0o