Category — Building Products
February 29th 2012 - Australasian Investment Review – (AIR)
But the latest result included an $86 million gain on the fair value of its acquisition of an Asian plasterboard business, announced last month ($US135 million gross value).
Excluding this and other significant items in the six months to December 31, net profit slumped 28% to $67 million, from $92 million in the previous corresponding period.
Sales rose 2% to $2.43 billion in the latest half year, from $2.39 billion a year earlier. [Read more →]
February 29, 2012 Comments Off
February 15 2012 - Australasian Investment Review – (AIR)
Take GWA Group it said yesterday first-half profits were down 60% due to lower building and renovation activity, thanks mostly to the impact of restructuring costs taken in the six month period.
The company revealed a more sedate 9% fall in earnings before interest and tax for continuing operations to $44.8 million for the half year.
That smaller fall better reflected the company’s experience during the year and that was underlined by directors leaving the interim dividend unchanged at 9.5c. [Read more →]
February 15, 2012 Comments Off