ABC adbri limited
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News: ABC Adelaide Brighton Says Company Is Targeting Net Cost Savings In 2020 Of $10 Mln

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    28/08/19
    10:25
    Post #: 40190512

    Aug 28 (Reuters) - Adelaide Brighton Ltd (ABC) :

    • EXPECTS BOTH MINING AND INFRASTRUCTURE TO INCREASE DEMAND FOR CONSTRUCTION MATERIALS IN NEAR TERM
    • EFFICIENCY INITIATIVES BEING PURSUED IN SECOND HALF ARE NOT EXPECTED TO DELIVER FULL BENEFITS UNTIL 2020
    • FULL YEAR UNDERLYING NPAT, EXCLUDING PROPERTY, IS ANTICIPATED TO BE IN RANGE OF $120 - $130 MILLION.
    • COMPANY IS TARGETING NET COST SAVINGS IN 2020 OF $10 MILLION
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