News
An Adelaide woman accused of defrauding her former employer of more than $12.4 million over eight years has faced court for the first time.
Business
SA-based construction materials company Adelaide Brighton Ltd has reported reduced sales and a net loss after tax, telling investors a recovery in residential construction is more than a year away.
Get InDaily in your inbox. Daily. The best local news sent straight to your inbox every workday at lunchtime.
Thanks for signing up to the InDaily newsletter.
Adelaide Brighton chief executive Martin Brydon has signalled his intention to retire after 30 years with the building materials supplier.
Adelaide Brighton’s half-year profit has slipped 2.3 per cent to $182 million after the cement and masonry supplier took a $17.7 million earnings hit from the discovery it had been underpaid for some supplies.
Construction materials supplier Adelaide Brighton expects improved sales in several of its key products, due largely to demand from east coast markets.
Strong building activity on the east coast has helped boost profits to record levels for South Australian-based cement and lime manufacturer Adelaide Brighton.
