cement

Wednesday, June 03

Adelaide Brighton profit tumbles

Adelaide Brighton Limited has blamed increased competition and soft demand for construction materials on Australia’s eastern seaboard for a significant fall in profits for the 2019 calendar year.

AdBri blames construction slowdown for softer earnings

SA-based cement manufacturer Adelaide Brighton has flagged weaker annual earnings and scrapped its interim dividend, blaming lower demand for its products on a slowdown in housing and civil construction.

Adelaide Brighton posts record results

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