Business
Boral in $1.35 billion write-offs on US woes – The Australian Financial Review
The ailing building products group won’t pay a final dividend and has taken the knife to carrying values of its US and Australian businesses.
“We are operating in a time of considerable uncertainty considering the impact of COVID-19 on the economies and markets in which we operate, both in the short and long term,” Mr Todorcevski said.
The company on Monday said it expects full year EBITDA before significant items to be about $800 million to $825 million, with net profit after tax before one-offs to be in the range of $175 million – $180 million.
Boral is part-way through a strategic review of the company. Mr Todorcevski reaffirmed…
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