Boral earnings steady excluding divestments

Company News

by Anna Napoli

Multinational construction firm, Boral (ASX: BLD) has announced its half year results for financial year 2019 with net profit sliding 6 per cent to $200 million compared with the year earlier period.

Revenue increased by 1 per cent to $1.83 billion.

Earnings decreased 3 per cent to $485 million.

The company declared an interim dividend 13 cents, up 0.5 cents on the pcp.

Boral says the results reflect earnings growth from Boral North America but softer first half earnings from Boral Australia and USG Boral.

The company says earnings for FY2019 should be broadly similar to prior year (excluding property) with FY2019

Property earnings  are expected to be around $30 million compared with $63 million in FY2018.

Shares in Boral (ASX:BLD) Shares are trading 1.01 per cent lower to $4.91.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.