Brief: Adbri Says Growth In Underlying Earnings In 2022 Is Expected
05/05/2022 02:30
May 5 (Reuters) - Adbri Ltd ABC.AX :
* RAIN EVENTS IN Q1 ACROSS QLD AND NSW DISRUPTED OPERATIONS,
HOWEVER VOLUMES EXPECTED TO REBOUND AS WEATHER IMPROVES
* 2022 CAPEX INVESTMENT IN ORDER OF A$250-A$300M, INCLUDING
A$150
MILLION FOR KWINANA UPGRADE PROJECT
* NET PROCEEDS FROM SURPLUS LAND SALES OVER NEXT 12 MONTHS
EXPECTED TO BE AT LEAST A$20 MILLION
* GROWTH IN UNDERLYING EARNINGS IN 2022 IS EXPECTED
* MAINTAINS A SUSTAINABLE DIVIDEND POLICY, TARGETING PAYOUT
RATIO
OF 65-75% OF EARNINGS
Source text for Eikon: ID:nASX2FNDnR
Further company coverage: ABC.AX
((Reuters.Briefs@thomsonreuters.com;))
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