🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

BRIEF-Boral Expects Bushfire Impact To Be More Pronounced On Earnings In H2

Published 10/02/2020, 11:10 am
Updated 10/02/2020, 11:15 am
© Reuters.  BRIEF-Boral Expects Bushfire Impact To Be More Pronounced On Earnings In H2
BLD
-

Feb 10 (Reuters) - Boral Ltd BLD.AX :

* INVESTIGATION HAS NOW BEEN SUBSTANTIALLY COMPLETED INTO NORTH AMERICAN WINDOWS BUSINESS

* INVESTIGATION FOUND FINANCE PERSONNEL IN WINDOWS BUSINESS MANIPULATED ACCOUNTS&FINANCIAL STATEMENTS TO INFLATE OVERALL PROFITABILITY OF BUSINESS

* AFTER REVIEW OF OTHER BUSINESSES IN BORAL NORTH AMERICA, FINANCIAL MISREPORTING IS LIMITED TO WINDOWS BUSINESS

* EMPLOYMENT OF BOTH VICE PRESIDENT FINANCE AND FINANCIAL CONTROLLER IN BORAL WINDOWS HAVE BEEN TERMINATED

* HY NET PROFIT AFTER TAX BEFORE SIGNIFICANT ITEMS $156 MILLION, SUBJECT TO COMPLETION OF AUDITOR'S INTERIM REVIEW

* INTERIM DIVIDEND OF 9.5 CENTS PER SHARE (50% FRANKED) WILL BE PAID ON APRIL 15

* CEO & MANAGING DIRECTOR MIKE KANE INTENDS TO RETIRE AFTER FY2020 FY RESULTS

* IMPACT OF BUSHFIRE RELATED DISRUPTIONS AND COSTS WAS ABOUT $1 MLN IN H1

* EXPECTS BUSHFIRE IMPACT TO BE MORE PRONOUNCED ON EARNINGS IN H2

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.