Australia's Boral hits record high on upbeat HY results, outlook

Boral

08/02/2024 23:25

** Shares of Boral  BLD.AX  jump as much as 12.8% to hit a
record high of A$6.100
    ** The building materials maker sees underlying EBIT in
range of A$330 mln to A$350 mln in FY24, compared to an earlier
estimate of A$300 mln-A$330 mln 
    ** Posts a 36% jump in its HY net profit to A$122.0 mln
($79.23 mln)
    ** Says HY net revenue of A$1,839.9 mln, up 9.4%
    ** Co to not pay a dividend for HY 
    ** Says expects volume trends to remain unchanged in the
second half 
    ** Posts biggest intraday pct gain since Feb 8, 2023 
    ** BLD stock up 0.4% YTD, as of last close 


($1 = 1.5399 Australian dollars)

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))