Adelaide Brighton sees revenue down 8% in 2019
Australia’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 a...
Australia
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Boral posts lower 1H earnings
Boral Ltd reported a statutory net profit after tax (NPAT) of AUD137m (US$90m) for the half-year ended 31 December 2019, after significant items of AUD20m. The half-year result...
Refratechnik Group acquires QMAG
The Refratechnik Group has entered into a share purchase agreement to acquire 100 per cent of QMAG Ltd, an Australian magnesia producer. QMAG (Queensland Magnesia) is a fully...
Adelaide Brighton uses 1Mt of RDF at Birkenhead plant
Adelaide Brighton has now used 1Mt of refuse-derived fuel (RDF) at its Birkenhead facility, South Australia, diverting 2Mt of waste from landfill sites. The Premier of South ...
Votorantim
Votorantim is among the companies believed to be interested in buying LafargeHolcim’s Australian and New Zealand divisions, according to The Australian. The cement giant is rep...
Divestment talk of LafargeHolcim's Australian and New Zealand divisions resurface
LafargeHolcim is reported to be considering exiting Australia and New Zealand, according to The Australian. The AUS$2-3bn (US$1.37-1bn) division has been identified as a means...
Adelaide Brighton makes new appointment
Australia’s Adelaide Brighton Ltd has announced the appointment of Emma Stein as an independent non-executive director. Ms Stein has previously held several board and senior ex...
Adelaide Brighton achieves 1H19 revenue of AUD755.7m
Adelaide 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, p...
Boral reports net profit of AUD486m in FY19
Boral reported net profit of AUD486m (US$325.7m) for the full year ended 30 June 2019, six per cent down on FY18. Sales revenue was steady at AUD5863m on FY18 and sales revenue...
Wagners' annual net profit drops by 49%
Wagners in Australia has seen its annual net profit drop by 48.5 per cent to US$12.8m. The construction group blames its dispute with Boral for the poor business results. The ...