Australia's Boral 2H profit slumps

Australia's Boral 2H profit slumps
Published: 22 August 2012

Tagged Under: Boral Australia 

Hit by weak housing construction in Australia and delays in big resource and road projects, top Australian building products maker Boral Ltd reported a 59 per cent fall in second-half profit, in line with market forecasts.

Boral declined to give a forecast for the year ahead, in light of uncertain market conditions, but said it would update investors at its annual meeting in November.

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