Why it matters: Boral’s results are an indicator of the strength in construction
The company has been streamlining operations to improve poor recent returns
Boral expects earnings of $300 million next year, but will not pay a dividend
Building products group Boral lifted the price of concrete by 12 per cent and cement by 8 per cent in the past year, successfully passing through higher energy and transport costs, and chief executive Vik Bansal signalled his turnaround would intensify over the next two years.
Boral earnings are expected to climb between 17 per cent and 29 per cent in the year ahead as the housing market is revived and inflation slows.
Loading...
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
