Adelaide Brighton
(ASX:ABC) has reported its net profit after tax attributable to equity holders fell 11 per cent to $68 million for the half year ending 30 June 2017, compared to the prior corresponding period.
The leading cement manufacturer meantime saw its revenue charge ahead, rising 5 per cent to $718.4 million compared to the prior corresponding period.
The company’s EBIT fell over 8 per cent to $101.7 million in the 6 months (compared to the pcp).
The group says its earnings softened on the back of several one-offs which included the impact of a temporary cement issue, as well as additional costs from the closure of its North Melbourne concrete plant.
The company maintained its interim dividend at 8.5 cents per share, fully franked.
Shares in Adelaide Brighton
(ASX:ABC) are trading 1.06 per cent higher to $5.72.
