Boral

Construction materials company, Boral (ASX:BLD) reports its first half results for FY2012-13 to the Australian stock market to investors and stock traders.

• Boral made a net loss of $25.3 million in the first half to December. In the previous corresponding period the company made $152.7 million profit.

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 (ASX:BLD) says that its full year net profit will be $160-175 million and that the company was on track to meet its profit guidance. Despite weather disruptions and soft residential markets in both Australia and the United States earlier in the year, Boral said that its year to date guidance supports the previous full year net profit after tax.

Construction materials supplier Boral (ASX:BLD) says it will purchase assets and operations from Wagners Group for $173 million. Quarry, concrete, and land assets in Darling Downs, South East Queensland, and Townsville are the assets Boral will be buying.

Boral said the Wagners assets included in the deal had revenue of $115m in 2009/2010, with earnings before interest, tax, depreciation and amortisation of approximately $17m.

Boral (ASX:BLD) has completed a capital raising in which it will use funds to execute a restructuring plan designed to streamline its operations and expand its building materials business. Boral said in a statement that 92 percent of eligible institutional shareholders opted to take up their entitlements at $4.10 a share under the offer, raising $274m.

Boral (BLD), one of the leading building and construction material manufacturer and wholesaler with key operations located in Australia, Asia and the United States has remodeled its key businesses and identified a number of non-core assets for sale. The company is currently seeking to raise as much as $490 million in an attempt to boost up its growth and strengthen up the balance sheet.

Australia based global manufacturer and wholesaler of building and construction materials Boral (BLD), a company that operates in Australia, United Sates and Asia is considering to take necessary steps in an attempt to reduce its costs after posting a 9 percent fall in the first half net profit to $68 million. In addition to that, Mark Selway, the newly appointed chief of the company admitted that the figures can get even worse in the second half. According to Mr.

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