Construction materials supplier Boral Ltd
(ASX:BLD) has posted a first-half fall in profit of 9%, held back by the poor economic conditions in the US and a slide in non-residential activity.
The company reported a profit of $68 million for the six months to December 2009, but expects its full year result will be broadly in line with consensus of $123.5 million.
CEO Mark Selway says mixed conditions across Boral’s major markets means the company will need to focus on meeting expectations over the next six months.
Boral reported a profit of $142 million in the 2009 financial year.
