Australia's Boral sees higher earnings for FY24, annual profit falls

Boral

09/08/2023 23:32

Aug 10 (Reuters) - Australian cement products maker
Boral Ltd  BLD.AX  said on Thursday it expects higher 2024
earnings on strong demand and high price environment, after it
reported a 4.7% drop in annual profit.
    The company expects underlying earnings before interest and
taxes (EBIT) between A$270 million ($176.28 million) and A$300
million for the year. It reported underlying EBIT of A$231.5
million in fiscal 2023.
    It reported net profit before significant items for year
ended June 30 of A$142.7 million, compared with A$149.7 million
a year earlier.  

($1 = 1.5316 Australian dollars)

 (Reporting by Ayushman Ojha)
 ((Ayushman.Ojha@thomsonreuters.com;))