Adelaide Brighton sees 1H up by 48%

Adelaide Brighton sees 1H up by 48%
Published: 06 July 2010

Adelaide Brighton Ltd said Monday that its first half net profit is expected to rise as much as 48% on year amid strong demand for its cement and lime products along with continued benefits from the group’s cost management program.
 
In a statement, the company said net profit for the six months to June 30 is expected to come in at A$62m-A$65m, up from A$43.9m for the same period a year ago, based on internal management accounts.
 
"If current market conditions continue in the second half of 2010, and barring any unforeseen circumstances, the company expects a significantly higher net profit after tax for the 12 month period to December 2010," Managing Director Mark Chellew said.