Investors cheer as Boral ‘turns corner’

Original article by Bridget Carter
The Australian – Page: 18 : 28-Aug-14

Building materials group Boral has announced a 2013-14 full-year net profit increase of 181% to $A173m, although revenue declined 2% to reach $A5.2bn. The net result excluding abnormals was up 64% at $A171m. The 12-month distribution has been lifted 36% to $A0.15, and on 27 August 2014 the stock closed $A0.25 higher at $A5.63. CEO Mike Kane said the Australian-listed company was seeing a recovery in the housing market domestically as well as in the US

CORPORATES
BORAL LIMITED – ASX BLD, CSR LIMITED – ASX CSR

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