Adelaide Brighton posts 15.9% fall in half-year net profit

Australia-based cement and concrete manufacturer Adelaide Brighton registered a 3.9% rise in revenue to AUD 602 million (€426.05 million/US$561.97 million) in the six months to 30 June 2014. A 7% growth was also reported in earnings before interest and tax to AUD 78.30 million but the company recorded a 2.9% decline in underlying net profit to AUD 61.20 million, followed by a 15.9% fall in net profit after tax to AUD 51.20 million on a year-on-year basis.
August 28, 2014 Read time: 1 min

Australia-based cement and concrete manufacturer Adelaide Brighton registered a 3.9% rise in revenue to AUD 602 million (€426.05 million/US$561.97 million) in the six months to 30 June 2014.

A 7% growth was also reported in earnings before interest and tax to AUD 78.30 million but the company recorded a 2.9% decline in underlying net profit to AUD 61.20 million, followed by a 15.9% fall in net profit after tax to AUD 51.20 million on a year-on-year basis.

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