Adelaide Brighton further reduces profit forecast for 2019

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Australia: Adelaide Brighton says that it expects its net profit, after tax excluding property, to be no higher than US$90m in 2019. This is a further reduction on the forecast of around US$110m it made in May 2019. It has blamed poor residential and civil construction markets, continued competition in Queensland and South Australia, growing raw material costs and fees related to a cancelled import order.

Last modified on 31 July 2019

URL: https://globalcement.com/news/item/9657-adelaide-brighton-further-reduces-profit-forecast-for-2019

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