Boral Full Year Financial Report 2012

Building and construction materials manufacturer Boral (ASX:BLD) have released their full year financial results for FY 2012 to the ASX stockmarket.

• Boral net profit rose to $176.6 million, up 5 percent from $167.7 million the previous year.
• Excluding significant items, full year net profit came in at $101.2 million.
• Total revenue increased by 6.4 per cent to $5 billion, from $4.7 billion.
• Boral chief executive Ross Batstone said, " Earnings from our Australian business in the six months to June were hit by very weak housing and non-residential building activity, combined with delays and disruption from sustained rainfall across the east coast. The positive impact of price increases was more than offset by much weaker sales volumes into these markets and by higher costs, including from the wet weather."
• Annual revenue from Boral's ongoing Australian businesses of $3.9 billion was flat, while earnings fell 29 per cent.
• No guidance provided for new financial year, but Batstone said an update will be provided at the AGM in November.
• BLD closed the weeks trade on the ASX stockmarket at $3.43.
• Boral has declared a final fully franked dividend of 3.5 cents per share, ex-dividend date of 28/8/2012. This brings the full year dividend distribution from Boral to 11 cents per share.