Australia's Boral hits lowest in two months after profit warning

Boral

18/05/2022 02:21

** Shares of building materials maker Boral  BLD.AX  drop as
much as 2.8% to A$3.1
    ** Co sees additional A$45 million ($31.65 million) impact
to its annual earnings, mainly due to ongoing rainfall and
rising cost pressures  urn:newsml:reuters.com:*:nL3N2XA01U
    ** Shares hit lowest since March 5
    ** Co had earlier in March projected annual underlying
earnings before interest and tax to be between A$145 million
($101.94 million) and A$155 million
    ** Ongoing rainfall in many parts of the east coast, ...
continued to significantly impact sales volumes, while also
resulting in additional costs - CEO Zlatko Todorcevski
    ** Stock has fallen ~10% this year, as of last close 

($1 = 1.4219 Australian dollars)

 (Reporting by Indranil Sarkar in Bengaluru)
 ((Indranil.Sarkar@thomsonreuters.com;))