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News Boral’s revenues rise in 2023 financial year

Boral’s revenues rise in 2023 financial year

Written by Global Cement staff 11 August 2023
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Australia: Boral’s sales were US$2.28bn in the 2023 financial year, which ended on 30 June 2023. This corresponds to a 38% year-on-year rise from the previous first half. The group’s net profit dropped by 1.3% to US$96.6m. It noted a rise in its costs of energy, labour and transport, which it expects to continue up to the end of June 2024, and possibly on throughout the second half of 2024.

The Sydney Morning Herald newspaper has reported that Australian residential construction activity dropped by 7.7% month-on-month in June 2023. Boral CEO Vik Bansal said that the company expects residential, commercial and civil construction to return to growth in the 2024 financial year.

Last modified on 16 August 2023
Published in Global Cement News
Tagged under
  • Australia
  • Boral
  • Results
  • costs
  • Electricity
  • labour
  • Transport
  • Outlook
  • construction
  • homebuilding
  • residential
  • demand
  • market
  • GCW621
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