Boral
(ASX:BLD) has reported its net profit after tax bounded ahead in the 2017 financial year, increasing 16 per cent on the 2016 financial year, to $297 million.
The multinational building and construction material company’s total group revenue also improved, rising 1.8 per cent on the 2016 financial year, hitting $4.4 billion in FY17.
The bolstered result came on the back of strong growth in East Coast markets, while the business also benefited from stellar Australian, New Zealand and Asian sales.
However, its group income took a dip when compared to FY16, falling from $251.7 million to $174.3 million in the 2017 year.
The company declared an interim and final dividend of 12 cents per share for both periods, with its interim dividend fully franked and its final only 50 per cent franked. The record date for the final dividend is 6 September 2017.
Shares in Boral
(ASX:BLD) are trading about 0.44% lower to $6.80.