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BRIEF-Adelaide Brighton Says FY Net Profit Fell 2.3 Pct

Published 28/02/2018, 09:23 am
© Reuters. BRIEF-Adelaide Brighton Says FY Net Profit Fell 2.3 Pct
ABC
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Feb 28 (Reuters) - Adelaide Brighton Ltd ABC.AX :

* FY REVENUE $1,560.0 MILLION VERSUS $1,396.2 MILLION A YEAR AGO

* FY NET PROFIT FOR PERIOD ATTRIBUTABLE TO MEMBERS DOWN 2.3 PERCENT TO $182 MILLION

* EXCLUDING PROPERTY EARNINGS, FY UNDERLYING NPAT OF $189.3 MILLION, UP 5.3%

* FINAL ORDINARY DIVIDEND OF 12.0 CENTS PER SHARE

* IN 2018, CO EXPECTS STRONG DEMAND FOR CONSTRUCTION MATERIALS, PARTICULARLY ON EAST COAST AND SOUTH AUSTRALIA

* FINAL SPECIAL DIVIDEND OF 4.0 CENTS PER SHARE

* CAPITAL EXPENDITURE OF $100-110 MILLION IS ANTICIPATED IN 2018, INCLUDING $50-60 MILLION OF STAY IN BUSINESS CAPEX

* SALES VOLUMES OF CEMENT AND CLINKER ARE ANTICIPATED TO BE HIGHER IN 2018

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