Bo­ral tips profit hike

Townsville Bulletin - - NEWS -

A BOOM­ING prop­erty mar­ket is ex­pected to help boost build­ing prod­ucts maker Bo­ral’s un­der­ly­ing an­nual profit by up to 46 per cent. Bo­ral ex­pects to achieve a net profit be­fore sig­nif­i­cant items of $ 240$ 250 mil­lion in the year to June 30, up from $ 171 mil­lion in 2014/ 15. “This re­sult is un­der­pinned by a num­ber of fac­tors in­clud­ing strong earn­ings in June and higher- thanex­pected prop­erty sales,” Bo­ral said. Shares in Bo­ral rose nine cents, or 1.4 per cent, to $ 6.45. In the first half of the 2014/ 15 fi­nan­cial year, Bo­ral’s net profit of $ 104.5 mil­lion in­cluded a net neg­a­tive im­pact of $ 7 mil­lion from sig­nif­i­cant items.

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