Boral Limited announced 1HFY23 Results

Boral Limited (ASX: BLD) announced results for the 1HFY23, revealing excellent underlying sales, profits, and growth. Compared to the previous corresponding period, the company's adjusted earnings per share (EPS) of 5.1% and net profit after tax (NPAT) of AU$56.8 million, both up 50% and 53%, respectively. On a statutory basis, NPAT for 1HFY23 was AU$89.5 million, a 91% decrease from 1HFY22, which also included AU$1,002.4 million in income from discontinued operations, largely from the profit realized on the sale of the North American Building Products business.

The company's revenue of AU$1,681.1 million is 12% higher due to increase in volume and price. EBITDA increased by 7% to AU$206.5 million and underlying EBIT of AU$95.3 million increased by 15% and 23% higher on an excluding Property basis. The EBIT margin grew by 20 basis points to 5.7% and operating cash flow increased 37% to AU$117.4 million.

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