Australia's Boral logs strong half-year profit, shares jump 12%

Boral

07/02/2023 23:30

Feb 8 (Reuters) - Australia's Boral Ltd  BLD.AX  on
Wednesday reported market consensus beating half-year underlying
earnings with a considerable increase in revenue driven by
volume and pricing, sending the cement products maker's shares
up nearly 12%.
    Boral reported underlying net profit before significant
items from continuing operations of A$56.8 million ($39.53
million) for the six months ended Dec. 31, compared with A$37.2
million reported a year ago, beating consensus of A$38 million.
($1 = 1.4370 Australian dollars)
 (Reporting by Rishav Chatterjee and Tejaswi Marthi in
Bengaluru; Editing by Shailesh Kuber)
 ((Rishav.Chatterjee@thomsonreuters.com;))