Boral Limited
ASX:BLD ISIN:AU000000BLD2
Boral produces and distributes a broad range of construction materials, including quarry products, cement, flyash, pre-mix concrete and asphalt; and building products, including clay bricks and pavers, clay and concrete roof tiles, concrete masonry products, plasterboard, windows and timber. Boral primarily serves customers in the building and construction industries with operations concentrated in three key geographical markets - Australia, the USA and Asia. The Boral Group has leading market positions in all three geographic markets.
Boral has operated solely as a construction materials and building products group since the Company's demerger in January 2000, when the old Boral Group, which also included an energy business, was demerged into two industry specific listed companies, new Boral and Origin Energy Limited.
Boral comprises seven key operating divisions, aligned along three business segments.
News
Asian Activities Report for August 17, 2011 includes: SMS Management & Technology Limited (ASX:SMX) recorded a strong growth in the 2010-2011 financial year; Orpheus Energy Limited (ASX:OEG) updated on its B26 coal joint venture project in Indonesia; Boral Limited (ASX:BLD) is to acquire Lafarge's 50% interest in Lafarge Boral Gypsum Asia; Nemex Resources Limited (ASX:NXR) announced the results of 17 ironstone samples from its Coastal Project in western Guinea.
Brickworks Limited (ASX:BKW) (PINK:BRKWF) posted a Normal Net Profit After Tax ('NPAT') for the year ended 31 July 2010 of A$110.2 million, down 3.1% from A$113.7 million for the year ended 31 July 2009. After non-regular items, Brickworks' Headline NPAT was A$138.8 million, down 54.5% from A$305.2 million in the previous year.
The Australian stock market opened lower on Wednesday, shedding gains after hitting a six-week high on the previous day. In early trade, S&P/ASX200 index was down 0.3 per cent, at 4558.1 points, while All Ordinaries index had fallen 0.28 per cent, to 4573.8 points. Financial and industrial stocks were down 0.5 per cent and the materials sector was 0.4 per cent lower.
Brickworks Limited (ASX:BKW) today announced that it has signed an agreement to acquire the Girotto(TM) and Gocrete(TM) precast concrete panel businesses from Boral Limited (ASX:BLD) for A$13.8 million.
During the quarter D'Aguilar Gold Limited (ASX:DGR) strongly advanced its objectives to become a diversified resource project generator and investment company.
Australian shares rallied on Thursday after a strong lead from overseas market, and the gains were fuelled by the better-than-expected employment data in Australia. Total employment was up by 45,900 in June, compared to expectations of an increase of 15,000. Australia's unemployment rate in June was a seasonally adjusted 5.1 per cent, beating the economists' prediction of 5.2 per cent.
The Australian shares rebounded strongly from early losses on Tuesday, helped by the Reserve Bank of Australia's decision to keep interest rates steady at 4.5 per cent. At the close, the benchmark S&P/ASX200 index was 54 points, or 1.3 per cent higher, at 4276.1, after hitting a 12-month low at opening. The broader All Ordinaries index gained 49.1 points, or 1.2 per cent, to 4299.7.
US stocks ended the day higher overnight after a sharp slump in the previous trading session. The rebound was helped by better-than-expected earnings from retailers such as Dow component Home Depot.
US stocks rose on Friday after Federal Reserve Chairman Ben Bernanke said the central bank is winding down its emergency lending programs established to end the financial crisis.
Yesterday Australian market was marginally higher, boosted by rally overseas. The benchmark S&P/ASX200 gained 7.4 points, or 0.19 per cent, at 3890.4, while the broader All Ordinaries rose 16.2 points, or 0.42 per cent, to 3862.2.
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