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Wary Adbri banks on migration, looks to mining boom

Simon Evans

Key Points

  • Revenue ($m) 1454.2 v 1517
  • Pre-tax profit ($m) 127.2 v 63.4
  • Net profit ($m) 93.7 v 47.3 
  • Final dividend (¢) 7.25 v 5, payable April 22

The chief executive of Australia’s largest cement group says a resumption of international migration once vaccination programs have had time to work will be crucial to preventing a “cliff” for the Australian economy as economic stimulus wears off.

Adbri chief executive Nick Miller has warned of uncertainties ahead.  

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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/wary-adbri-looks-to-mining-boom-for-growth-20210222-p574qy