Boral profit improves
i NZPA Sydney Boral, Ltd, the quarrying, i concrete, and metal fabrication group, raised group net i profit 36.1 per cent to $10.4M j in the six months to December 31. While saying that trading in all the group’s areas was competitive, the directors singled out the marketing of reinforcing steel, welded wire mesh, and pre-mixed concrete as being subject to severe price putting. “However, because of the improvement in costs, we were able to meet the competition without any significant adverse effect on over-aIF group sales and profitability.”, The profit was on an 11.8 1 per cent improvement ini group sales, to SI44M. The interim dividend isi steady at 6.25 c a share (12.51 per cent) on capital increased by a bonus issued
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Press, 6 March 1978, Page 14
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127Boral profit improves Press, 6 March 1978, Page 14
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