Cement News tagged under: Adelaide Brighton Ltd
Adelaide Brighton sees revenue down 8% in 201927 February 2020, Published under Cement NewsAustralia’s Adelaide Brighton Ltd has reported a 74.5 per cent YoY fall in net profit to AUD47.2m (US$31.1m) for 2019, decreasing from AUD185.2m in the previous year. Revenue also declined 7.5 per cent to AUD1.517bn from AUD1.630bn. The company’s EBITDA was down 23 per cent to AUD271.6m from AUD352.8m in 2018. "In 2019, construction materials markets softened on the eastern seaboard of Australia, particularly in Queensland and New South Wales – driven by an oversupply of multi-residential ... |
Adelaide Brighton achieves 1H19 revenue of AUD755.7m28 August 2019, Published under Cement NewsAdelaide Brighton recorded 1H19 revenue of AUD755.7m (US$506.1m), down 6.3 per cent on 1H18 due to a softening of residential and construction demand. EBIT stood at AUD85.2m, presenting a decrease of 31 per cent, driven by rising material input costs and competitive pressures. Australia's residential construction approvals fell 25.6 per cent in the six months to June 2019, while construction is projected to hit a low in 2021. Cement sales volumes fell by eight per cent with a decline in th... |
Adelaide Brighton fights residential encroachment11 August 2017, Published under Cement NewsAdelaide Brigton has voiced concerns that it could be forced to leave the Port of Adelaide if residential encroachment in the area is not abated. The Australian cement producer informed the State Government the potential prospect at a state Environment, Resources and Development Committee (ERDC) meeting last week. The ERDC had recommended reducing a separation boundary to a residential development from 800m to 400m from the company’s southern stockpiles of cement – meaning new homes ... |
Australia: Adelaide Brighton raises concerns over new homes01 February 2017, Published under Cement NewsAdelaide Brighton Cement (AdBri) is opposing the state government’s plans to build homes and tourism accommodation at Cruickshank’s Corner and Port Approach, fearing it will encourage more complaints about the cement plant's activities. The government has proposed the land near Cruickshank’s Beach as a tourism precinct with marine activities and accommodation, and plans to build new homes at Port Approach. Although the proposed homes are at least 800m away from the factory, in accorda... |
Australia: Adelaide Brighton Cement agrees gas deal06 December 2016, Published under Cement NewsAdelaide Brighton Cement Ltd, a wholly-owned subsidiary of Adelaide Brighton Ltd, has signed a gas purchase agreement with Beach Energy Ltd for the delivery of exMoomba of processed sales gas from Beach's 100 per cent owned Western Flank acreage. Supply of gas over a 12-month term is expected to commence on 1 January 2017, with the agreement replacing Beach's existing ex PEL 106 raw gas sales contract. Any production beyond contract volumes will be available for sale via the spot market or... |
Adelaide Brighton sees potential in US$2bn acquisition22 June 2016, Published under Cement NewsAdelaide Brighton Group says it has carried out detailed work on a potential US$2bn acquisition of the Australia and New Zealand operations of LafargeHolcim, including a plan to address competition issues. Martin Brydon, Adelaide Brighton's chief executive, confirmed that Adelaide Brighton had been working with its longstanding takeover defence adviser Credit Suisse and Blackpeak Capital. Mr Brydon said that while LafargeHolcim had still given no indication it was selling the Austral... |
AdBri sees strong rise in half-year profit21 August 2015, Published under Cement NewsAdelaide Brighton Ltd reported net profit after tax for the half year ended 30 June 2015 of AUD82.6m, an increase of 61.3 per cent compared to the previous corresponding period. Adjusted fo significant items, the underlying advance was 5.6 per cent to AUD83m. Property transactions contributed AUD12m to net profit. Revenue of AUD678.1m was 12.6 per cent higher YoY supported by higher cement and lime volumes, improved prices, property revenue and the contribution from acquisitions complete... |
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