Boral Ltd
(ASX:BLD) has improved its first half net profit after tax by 28 per cent to $94 million for the six months to 31 December 2010.
In the same period the building materials supplier lifted revenue by 2.5 per cent to $2.4 billion, while EBITDA rose 4 per cent to $269 million.
CEO Mark Selway says in light of the weather related difficulties in the first-half of fiscal 2011, progress has been pleasing.
Mr Selway also ads that the company’s Australian operations had a generally strong first quarter which helped offset continued tough trading conditions in the US and the impact of acutely wet weather on the east coast of Australia in the second quarter.
Following the flooding crisis in Queensland, Boral has advised that the rebuild could have a positive influence on the final quarter of the current financial year.
Boral has declared a fully franked interim dividend of 7.5 cents per share.
Boral reported a net loss of $89.3 million in the year ended 30 June 2010.
