Boral

Boral (BLD)

Tue, 29/07/2008 - 04:40

Stock Code

BLD

Stock Exchange

Australian Securities Exchange

Boral (BLD) is Australia's leading manufacturer and wholesaler of building and construction materials in Australia, the United States of America and Asia. Boral was created in January 2000, as a result of demerger of the old Boral Group, into two industry specific listed companies, new Boral and Origin Energy Limited. Boral listed on ASX on 21 of February, 2000.

Boral Posts Drop in First-half Net Profit


Australia based global manufacturer and wholesaler of building and construction materials Boral (BLD), a company that operates in Australia, United Sates and Asia is considering to take necessary steps in an attempt to reduce its costs after posting a 9 percent fall in the first half net profit to $68 million. In addition to that, Mark Selway, the newly appointed chief of the company admitted that the figures can get even worse in the second half. According to Mr.

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A non-residential construction boom is coming according to stock analyst Macquarie Research Equities (MRE). The number of upgrades to estimated major project construction work for 2007 has increased and in MRE's estimates that this could "reflect strong underlying demand and a freeing up of resources with the completion of a number of large projects. Major project work in 2006 increased 20% to $A20.7bn." According to the analyst, the main sectors driving these non-residential construction upgrades are mining, utilities and energy.

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