Australia's Boral profit drops on construction lockdowns, rains

Boral

23/08/2022 24:43

Aug 23 (Reuters) - Australian construction materials maker
Boral Ltd  BLD.AX  said on Tuesday its earnings for the year
fell 40.3%, as construction lockdowns and heavy rains in New
South Wales and Queensland increased costs. 
    Boral reported a net profit before significant items of
A$149.7 million ($102.93 million) for the year ended June 30,
compared with A$250.7 million a year ago. 

($1 = 1.4543 Australian dollars)

 (Reporting by Harshita Swaminathan; Editing by Subhranshu Sahu)
 ((Harshita.Swaminathan@thomsonreuters.com;))