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News Adelaide Brighton records US$21.1m net profit in first half of 2020

Adelaide Brighton records US$21.1m net profit in first half of 2020

Written by Global Cement staff 27 August 2020
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Australia: Adelaide Brighton has recorded a net profit of US$21.1m in the first half of 2020, compared to a US$13.0m loss in the first half of 2019. Revenues fell by 7.3% to US$508m from US$548m due to a 12% construction decline over the period, according to the company. Residential construction fell by 16%, however mining and infrastructure activity remained consistent with levels in the first half of 2019. Adelaide Brighton said, “Cement demand is likely to continue to benefit from a strong production outlook for gold, nickel, and iron ore in particular, and stable demand from the alumina sector.”

Last modified on 02 September 2020
Published in Global Cement News
Tagged under
  • Australia
  • Adelaide Brighton
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  • Profit
  • Loss
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  • homebuilding
  • construction
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  • growth
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  • GCW471

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