Australia's Boral flags further hit to profit on rainfall, higher costs

Boral

18/05/2022 01:05

May 18 (Reuters) - Australia's top construction materials
maker Boral Ltd  BLD.AX  said on Wednesday it expects an
additional A$45 million impact to its annual earnings, mainly
due to ongoing rainfall and rising cost pressures.
    The company had projected in March for its annual underlying
earnings before interest and tax to be between A$145 million 
($101.94 million) and A$155 million.  urn:newsml:reuters.com:*:nFWN2X91FB

($1 = 1.4225 Australian dollars)

 (Reporting by Indranil Sarkar in Bengaluru; editing by
Uttaresh.V)
 ((Indranil.Sarkar@thomsonreuters.com; Mobile:  +91
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