Oct 17 (Reuters) - Adbri Ltd (ABC) :
- LEADERSHIP TRANSITION AND TRADING UPDATE
- CHIEF EXECUTIVE OFFICER AND MANAGING DIRECTOR NICK MILLER WILL BE LEAVING ROLE
- SENIOR EXECUTIVE MARK IRWIN HAS BEEN APPOINTED AS INTERIM CEO
- SEES UNDERLYING NET PROFIT AFTER TAX OF A$75 - A$85 MILLION FOR FULL YEAR
- EXTREME RAINFALL EVENTS, ONGOING INFLATIONARY HEADWINDS HAVE CONTINUED TO IMPACT MARGINS
- "DEMAND ENVIRONMENT HAS REMAINED ROBUST"
- REVIEWING EXPENSES TO DELIVER FURTHER ADDITIONAL COST REDUCTIONS
- WHILE CO HAS IMPLEMENTED OUT-OF-CYCLE PRICE INCREASES, THEY HAVE NOT MET ONGOING COST INFLATION
- ACCELERATING STRATEGY TO DIVEST SURPLUS LAND TO REALISE VALUE AND RECYCLE CAPITAL
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