Aug 23 (Reuters) - Boral Ltd (BLD) :
- FY REVENUE FROM CONTINUING OPERATIONS UP 1.1% TO A$2,955.9 MILLION
- FY NET PROFIT BEFORE SIGNIFICANT ITEMS DOWN 40.3% TO A$149.7 MILLION
- FY TOTAL REVENUE DOWN 26.9% TO A$3,908.2 MILLION
- SEES FY2023 REVENUE TO BE HIGHER THAN FY2022
- FY2023 CAPITAL EXPENDITURE TO BE APPROXIMATELY A$235 MILLION (INCLUDING NEW LEASES)
- EXPECT MOMENTUM TO IMPROVE IN FY2023 AND TO BENEFIT FROM SEVERAL KEY PROJECTS
- SEES A HIGH RISK OF FURTHER ADVERSE IMPACTS DUE TO EXCEPTIONAL RAINFALL IN FY23
- SEES EFFECTIVE TAX RATE TO BE CLOSE TO AUSTRALIAN CORPORATE TAX RATE OF 30% IN FY
- REDUCTION OF ROLES FROM ORGANISATIONAL RESET WILL DELIVER ANNUALISED COST SAVING OF A$24 MILLION IN FY2023
- SEES INCREASING USE OF ALTERNATIVE FUELS AT ITS BERRIMA CEMENT KILN FROM 15% TO 30% BY LATE FY2023, REDUCING RELIANCE ON COAL
