Adelaide Brighton expects FY net profit A$118m-A$125m
Published
Australian cement company Adelaide Brighton Ltd said Thursday it expects net profit to rise 9.7% this fiscal year.
The Adelaide-based company, which had earnings of A$113.9 million in the year ended Dec. 31, expects net profit to rise to between A$118 million and A$125 this year, it said in a presentation to the UBS Emerging Companies Conference.
Cement and lime demand is expected to grow about 3% above last year’s levels, Adelaide Brighton said, adding that product price increases will recover inflationary cost pressures.
