Boral swing to FY profit

By Chris Kohler

In the 12 months to June 30, the building materials company recorded a net profit of 173. 3 million, a significant lift on the $212. 1m loss reported in the previous financial year.

Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report.

Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website.

Housing market recoveries in Australia and the US have helped building products maker Boral achieve a near 200 per cent net profit increase, and the group expects the strength to be maintained.

The loss recorded in the previous financial year was impacted  by asset writedowns and costs of a restructuring that included the layoff of 800 workers.

Read more here: Business Spectator

    

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