Boral issue full-year 2015 trading update

Company issues update on trading figures ahead of comprehensive full-year results announcement

BORAL Ltd expect net profit after tax (NPAT) before significant items for the full year 2015 to be within the range of A$240 million to A$250 million, subject to finalization of the year-end audit.

In a full-year 2015 trading update, the company said this result was underpinned by a number of factors, including strong earnings in June and higher than expected property sales.

Boral say they expect to report pre-tax property earnings of approximately A$46 million or approximately A$44 million on an after-tax basis, which includes a benefit from utilizing carry-forward capital losses.

Operating earnings across the company’s divisions are expected to be broadly in line with divisional outlook commentary provided by the company to the market on 11 February 2015 and 6 May 2015.

Boral, whose financial year ends 30 June, will announce their full-year 2015 results on 27 August 2015, at which time they will provide a comprehensive review of full-year performance.