News
Grote St apartment tower proposed for former La Boheme site
A 33-storey apartment building is being considered for Grote Street, replacing the former home of small bar and performance space La Boheme.
News
A 33-storey apartment building is being considered for Grote Street, replacing the former home of small bar and performance space La Boheme.
Business
Construction materials company Adbri – formerly known as Adelaide Brighton – has posted a net profit after tax of $29.1 million for the first half of 2020, despite declining cement revenues amid a construction downturn.
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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.
Australia’s construction sector ended 2019 on a low note with deteriorating activity, new orders and supplier deliveries pushing a key industry index to its lowest mark since May 2013.
The South Australian construction industry is hopeful a jump in new house building approvals is a sign of recovery for the sector.
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.
