News: BLD Boral Reports Q1 Group Revenue Down 9%

Oct 27 (Reuters) - Boral Ltd (BLD) :

• FOR FIRST QUARTER, GROUP REVENUE WAS DOWN 9%, EBIT WAS DOWN 5% ON THE PRIOR COMPARABLE PERIOD
• FOR FY2021 EXPECT PROPERTY EARNINGS TO BE BELOW LONG-TERM AVERAGE OF AROUND $35 MILLION
• QTRLY EBIT FROM BORAL AUSTRALIA BROADLY STEADY ON LOWER REVENUE RELATIVE TO SEPTEMBER QUARTER LAST YEAR
• BORAL NORTH AMERICA’S EBIT MARGIN FOR SEPT QUARTER OF ABOUT 12% SLIGHTLY BETTER THAN SAME PERIOD LAST YEAR
• IN USG BORAL, GETTING BACK INTO A BETTER RHYTHM WITH LESS COVID PLANT SHUTS AND DISRUPTIONS
• CONCRETE VOLUMES IN SEPT QUARTER DECLINED 8%
• FLY ASH VOLUMES DOWN 11% IN SEPT QUARTER
• SEEING A STRONG UPLIFT IN PLASTERBOARD VOLUMES IN CHINA
• GENERAL UNCERTAINTY, CYCLICAL PRESSURES IN AUSTRALIA , SOUTH KOREA, & SOFT TRADING CONDITIONS IN THAILAND CONTINUE TO IMPACT DEMAND