ABC 0.29% $3.38 adbri limited

Aug 30 (Reuters) - Adelaide Brighton Ltd (ABC) : Interim...

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    Aug 30 (Reuters) - Adelaide Brighton Ltd (ABC) :

    • Interim ordinary dividend 8.5¢
    • Interim special dividend 4.0¢
    • HY revenue from continuing operations up 1.2% to A$686.0 million
    • Says HY net profit for the period attributable to members down 6.7% to A$77.1

      million

    • Company's dividend reinvestment plan remains suspended until further notice
    • Outlook for demand in south Australia appears favourable given the pipeline

      of infrastructure projects"

    • Outlook for south Australian gas prices is uncertain
    • Says in 2016, Adelaide Brighton expects sales volume of cement and clinker to

      be less than 2015

    • Adelaide Brighton expects full year NPAT will be in the range of $190 million

      to $200 million

    • Property sale proceeds of about A$20 million are expected in 2016, with a

      profit after tax of A$7 million

    • Further increases in cement prices are expected in 2H16

 
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