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ABC - Adbri News Story

A$3.26 -0.1  -3.8%

Last Trade - 24/09/21

Sector
Basic Materials
Size
Mid Cap
Market Cap £1.13bn
Enterprise Value £1.40bn
Revenue £801.5m
Position in Universe 211th / 1955

BRIEF-Adbri Says Improvement In Housing Approvals In 2H20 Is Translating To Commencements

Mon 22nd February, 2021 10:06pm
Feb 23 (Reuters) - Adbri Ltd  ABC.AX :
    * SEES TRADING CONDITIONS TO REMAIN CHALLENGING UNTIL
STIMULUS
MEASURES COMPLETELY OFFSET UNDERLYING SOFTNESS IN EAST COAST
CONSTRUCTION MARKETS
    * TARGETING $20 MILLION IN COST SAVINGS TO COUNTER COST
HEADWINDS
OF $10 MILLION IN 2021
    * CAPITAL EXPENDITURE IS ANTICIPATED TO BE AROUND $200 MLN
IN 2021
    * SURPLUS LAND SALES ARE EXPECTED TO GENERATE $20 - 30 MLN
IN
PROCEEDS OVER NEXT TWO YEARS
    * IMPROVEMENT IN HOUSING APPROVALS IN 2H20 IS TRANSLATING TO
COMMENCEMENTS

Source text for Eikon:  ID:nASX9x7t7Q 
Further company coverage:  ABC.AX 

 ((Reuters.Briefs@thomsonreuters.com;))
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