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Adelaide Brighton Ltd (ABC.AX)

ABC.AX on Australia Stock Exchange

5.64AUD
24 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Adelaide Brighton says FY revenue from continuing operations down 1.2% to A$1.40 billion
Wednesday, 22 Feb 2017 04:45pm EST 

Adelaide Brighton Ltd : Fy revenue from continuing operations down 1.2% to a$1,396.2 million . Final ordinary dividend of 11.5 cents per share . Fy net profit for period attributable to members down 10.4% to $186.3 million . Final special dividend of 4.0 cents per share . Company has agreed to purchase a Melbourne, Victoria, concrete and quarry business which is expected to complete in March 2017 . "Pre-mixed concrete and aggregates acquisitions in 2014 and 2015 in south australia and queensland are exceeding earnings expectations with a positive outlook" . "Proceeds from property sales could be $10 - $15 million over next two years" . Acquisitionprice of approximately $61 million . "Group's ongoing tax rate is expected be in range of 27% to 28%." . "2017 is expected to see strong demand for most products particularly on east coast, improved pricing and further efficiency improvements" . "2017 sales volumes of cement and clinker is expected to be higher than 2016" . Acquisition is expected to be earnings accretive in 2017 . Expected that demand in western australia and northern territory will stabilise in 2017 . "Lime sales volumes are expected to be higher in 2017" . "Margin increases are expected in 2017 however, threat of small scale lime imports in western australia and northern territory remains".  Full Article

Beach Energy signs gas sales agreement with Adelaide Brighton
Sunday, 4 Dec 2016 08:19pm EST 

Beach Energy Ltd : Has signed a gas sales agreement with Adelaide Brighton Cement Limited . Deal for supply ex‐moomba of processed sales gas from beach's 100% owned western flank acreage . Supply of gas over a 12 month term is expected to commence on 1 january 2017 ."Beach expects a material uplift in net revenue from its western flank gas acreage".  Full Article

Beach Energy signs gas sales agreement with Adelaide Brighton
Sunday, 4 Dec 2016 06:09pm EST 

Beach Energy Ltd : Has signed a gas sales agreement with Adelaide Brighton Cement Limited . Deal for supply ex‐moomba of processed sales gas from beach's 100% owned western flank acreage . Supply of gas over a 12 month term is expected to commence on 1 january 2017 ."Beach expects a material uplift in net revenue from its western flank gas acreage".  Full Article

Adelaide Brighton posts 6.7 pct fall in half-year net profit
Tuesday, 30 Aug 2016 06:14pm EDT 

Adelaide Brighton Ltd : Interim ordinary dividend 8.5¢ . Interim special dividend 4.0¢ . HY revenue from continuing operations up 1.2% to A$686.0 million . Says HY net profit for the period attributable to members down 6.7% to A$77.1 million . Company's dividend reinvestment plan remains suspended until further notice . Outlook for demand in south Australia appears favourable given the pipeline of infrastructure projects" . Outlook for south Australian gas prices is uncertain . Says in 2016, Adelaide Brighton expects sales volume of cement and clinker to be less than 2015 . Adelaide Brighton expects full year NPAT will be in the range of $190 million to $200 million . Property sale proceeds of about A$20 million are expected in 2016, with a profit after tax of A$7 million .Further increases in cement prices are expected in 2H16.  Full Article

Adelaide Brighton updates on gas supply agreement
Wednesday, 27 Jul 2016 07:24pm EDT 

Adelaide Brighton Ltd : Adelaide Brighton commercial negotiations for gas supply . Has concluded negotiations about non-binding, indicative terms with strike energy limited . Indicative commercial term sheets cover the supply of gas from 2017 . New supply arrangement supports our gas portfolio approach to secure our total gas requirement in south Australia . Negotiation on potential supply of gas covering a portion of requirements for operations in south Australia .  Full Article

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