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Boral announces cash tender offer for certain outstanding senior notes

Boral announces cash tender offer for certain outstanding senior notes
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Boral reports first-half sales and earnings fall in 2021 financial year

Boral reports first-half sales and earnings fall in 2021 financial year Written by Global Cement staff 10 February 2021 Australia: Boral’s group net sales fell by 9% year-on-year to US$2.10bn in the first half of its 2021 financial year from Euro2.78bn in the corresponding period of its 2020 financial year. Earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 1% to US$376m from US$381m. Net profit after tax remained consistent with previous first-half levels at US$121m. The group noted good value creation from its sale of its 50% stake in USG Boral to Germany-based Knauf for US$1.02bn, which it expects to conclude in the second half of the 2021 financial year.

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