Feb 26 (Reuters) - Adelaide Brighton Ltd (ABC) : ** FY NET...

Feb 26 (Reuters) - Adelaide Brighton Ltd (ABC) :

** FY NET PROFIT ATTRIBUTABLE DOWN 74.5% TO $47.3 MLN ** FY REVENUE FROM CONT OPS DOWN 7.0% TO $1,517.0 MLN ** DECLARED FINAL ORDINARY DIVIDEND OF 5.0 CPS ** 2020 FULL YEAR NPAT, EXCLUDING PROPERTY EXPECTED TO BE 10% LOWER THAN UNDERLYING RESULT FOR 2019

** COST-OUT PROGRAM ON TARGET TO DELIVER IN EXCESS OF $30.0 MLN IN GROSS SAVINGS FOR 2020

** IN RESPONSE TO COST PRESSURES, GROUP UNDERTAKING MAJOR COST-OUT INITIATIVE EXPECTED TO REDUCE COSTS BY ABOUT $30 MLN

** 2020 NPAT EXPECTED TO BE 10% LOWER THAN UNDERLYING 2019 NPAT

** ANTICIPATE CAPITAL EXPENDITURE IN 2020 OF ABOUT $130 MILLION

** SOFT START TO 2020 WITH BUSHFIRES / EXTREME WEATHER ** 2020 NPAT EXPECTED TO BE 10% LOWER THAN UNDERLYING 2019 NPAT

** ANTICIPATE CAPITAL EXPENDITURE IN 2020 OF ABOUT $130 MILLION

** SOFT START TO 2020 WITH BUSHFIRES / EXTREME WEATHER

ABC)

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