Texas Industries returns to full-year profit

Texas Industries returns to full-year profit
Published: 12 July 2012

Tagged Under: USA Texas Industries 

Texas Industries' turnover increased by 4.1% to US$647m in the financial year to the end of May, and the EBITDA jumped from US$13.2m to US$33.6m. After an interest charge 26.8% lower at US$34.4m, the running loss dropped from US$34.4m to US$1.2m and a the pre-tax profit of US$8.5m was achieved, compared with a US$106.8m loss in the previous accounting year.  Net debt at the end of May was 6.4% higher at US$570.1m giving a gearing level 6.0% higher at 81.7%.   




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