AdBri had a revenue of $1,517 Million, in which lime sales is 11% or approxmitely $165 million. The lime business is not as material to the whole company compared as concrete and cements. The fixed costs of lime business are problematic buy it is one-off and not recurring. In a profit margin of 12.3%, the pofit in 2021 is estimated to be reduced by $18million due to the termination of lime contract with Alcoa. Compared to the loss of market cap $800 million in Friday, a rational investor may consider it as is another opportunity. Who knows? Just think about the
positives. Infrasture boom, economic recovery and the relatively low price of AdBri in the cycle.
All selected from AdBri's 2019 Annual Report
Selected from Comsec
