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News Adbri raises first-half sales in 2023

Adbri raises first-half sales in 2023

Written by Global Cement staff 30 August 2023
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Australia: Adbri recorded sales of US$599m during the first half of 2023, up by 14% year-on-year. Its net profit grew by 13%, to US$33.7m. The producer noted continued ‘solid’ demand, and traction on its price increases. It faced high capital requirements for its on-going upgrade of its Kwinana grinding plant to consolidate its Western Australian operations there. The company expects its second-half 2023 earnings to rise ‘moderately’ due to the effects of its cost discipline and price increases, as well as sustained levels of cement demand.

Last modified on 30 August 2023
Published in Global Cement News
Tagged under
  • Adbri
  • Results
  • GCW623
  • grinding plant
  • Upgrade
  • Western Australia
  • Australia
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