Boral reaffirms FY guidance

Building products maker Boral expects FY earnings to be marginally better than last year, with its largest division performing in line with expectations.

Bricklayer at work in Canberra

Building products maker Boral expects full-year earnings to be marginally better than last year. (AAP)

Building products maker Boral has reaffirmed its full-year guidance, saying performance at its largest division - construction materials and cement - has been in line with expectations.

The company had predicted, at the time of its half-year results in February, that full-year underlying earnings before interest and tax for the division would be marginally better than 2015.

Boral booked net profit for the first six months of the fiscal year of $136.6 million, up 31 per cent from the previous year.


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Source: AAP



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