News: BLD Boral Says It Is Likely To See Some Trailing Impacts From COVID Restrictions In Remainder...

Oct 28 (Reuters) - Boral Ltd (BLD) :

• LIKELY TO SEE SOME TRAILING IMPACTS FROM COVID RESTRICTIONS IN REMAINDER OF FY22
• DON'T EXPECT ADVERSE EBIT CUMULATIVE IMPACT FOR YEAR TO EXCEED A$50 MILLION
• IN NEW SOUTH WALES THERE WAS SUDDEN AND DRAMATIC IMPACT IN SECOND HALF OF JULY DUE TO COVID RELATED CONSTRUCTION LOCKDOWNS
• AT THURSDAY'S MEETING SEEKING SHAREHOLDER APPROVAL TO RETURN UP TO A$3 BILLION OF SURPLUS CAPITAL TO SHAREHOLDERS
• BORAL'S CONCRETE VOLUMES IN SYDNEY WERE 26% LOWER IN SEPTEMBER QUARTER
• ACTUAL EBIT IMPACT OF COVID RELATED COSTS AND LOWER VOLUMES IN Q1 AROUND A$33 MILLION
• IN Q1, REVENUE FROM CONTINUING OPERATIONS WAS DOWN AROUND 1% ON PRIOR YEAR
• TARGETING TO REDUCE ABSOLUTE SCOPE 1 AND 2 EMISSIONS BY 46% BY FY2030
• COMMITTED TO NET ZERO EMISSIONS, AIMING TO ACHIEVE NET ZERO EARLIER THAN 2050