Boral’s first half profit falls, Australia

Boral’s first half profit falls, Australia
Published: 29 February 2012

Tagged Under: USA Australia Boral Indonesia 

Australian building materials producer Boral’s turnover in the six months to the end of December improved by 1.9% to AUD$2,433m (€1,976m) while the EBITDA declined by 11.9% to AUD$237m (€192m) and the trading profit falling by 26.9% to AUD$109m (€86m). The net interest charge is now on the way up again and it rose by 9.7% to AUD$34m (€27m) and the pre-tax profit fell by 35.9% to AUD$75m (€61m). Net debt at the end of December rose by almost 2½ times to AUD$1,544m (€1,254m) to give a gearing level of 46%. Capital expenditure was increased by 38.3% to AUD$177m (€144m) while AUD$670m (€544m) was spent on acquisitions.





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