ABC adbri limited
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News: ABC Adbri Says Growth In Underlying Earnings In 2022 Is Expected

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    05/05/22
    11:35
    Post #: 61222606

    May 5 (Reuters) - Adbri Ltd (ABC) :

    • RAIN EVENTS IN Q1 ACROSS QLD AND NSW DISRUPTED OPERATIONS, HOWEVER VOLUMES EXPECTED TO REBOUND AS WEATHER IMPROVES
    • 2022 CAPEX INVESTMENT IN ORDER OF A$250-A$300M, INCLUDING A$150 MILLION FOR KWINANA UPGRADE PROJECT
    • NET PROCEEDS FROM SURPLUS LAND SALES OVER NEXT 12 MONTHS EXPECTED TO BE AT LEAST A$20 MILLION
    • GROWTH IN UNDERLYING EARNINGS IN 2022 IS EXPECTED
    • MAINTAINS A SUSTAINABLE DIVIDEND POLICY, TARGETING PAYOUT RATIO OF 65-75% OF EARNINGS
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