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Adelaide Brighton posts record results

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Strong building activity on the east coast has helped boost profits to record levels for South Australian-based cement and lime manufacturer Adelaide Brighton.

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The group lifted its net profit for calendar 2015 by 20.4 per cent to a record $207.8 million.

Shareholders will receive a fully franked special dividend of 4.0 cents on top of a final dividend of 11 cents, up 1.5 cents from 2014.

Adelaide Brighton said it had benefited from strong east coast residential construction markets, property sales and the full year contribution from recent acquisitions.

AAP

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