BLD

Australia's Boral flags $967 million impairment charge

Credit: REUTERS/DAVID GRAY

Aug 24 (Reuters) - Australia's Boral Ltd BLD.AX said on Monday it would book an impairment charge of A$1.35 billion ($967.14 million) for fiscal 2020, related to assets within its North America division and its investment in the Meridian Brick joint venture.

The country's largest building materials supplier said it scrapped its final dividend and expected net profit after tax but before significant items to be around A$175 million to A$180 million for the year ended June 30.

($1 = 1.3959 Australian dollars)

(Reporting by A K Pranav in Bengaluru; Editing by Peter Cooney)

((Pranav.AK@thomsonreuters.com; Twitter: @AKPranav1; +918061823270;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.