Boral (ASX:BLD) share price slumps as dividend cut // The Motley Fool Australia

Boral Limited (ASX: BLD) shares are dropping lower today after the company released its half-year results for FY21. At the time of writing, the Boral share price has fallen 4.6% to $5.16. 

What’s pushing the Boral share price lower?

The Boral share price is on the slide today after the company reported a net profit after tax of $156 million, which is on par with its first-half performance in FY20. The company advised that this number excludes significant items.

Earnings before interest, tax, depreciation and amortisation (EBITDA) for the period ending 30 December 2020 was $486 million, down 1% on the prior corresponding period (PCP). The EBITDA figure also excludes significant items.

Boral Australia experienced an 8% fall in…