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Adbri’s revenue hit by lower demand in 2020 Written by Global Cement staff 24 February 2021 Australia: Adbri’s revenue fell by 4% year-on-year to US$1.15bn in 2020 from US$1.20bn in 2019. Underlying earnings before interest, taxation, depreciation and amortisation (EBITDA) decreased by 3% to US$216m from US$222m. Despite construction growth in Western Australia, cement volumes were reported as being down by 7.1%. The company said that clinker volumes dropped by 23% due to lower offtake by its Sunstake Cement joint venture partner Bora...

Adbri sees 4% decline in revenue for 2020 23 February 2021 Australia-based Adbri Ltd has announced a 4.1 per cent decrease in revenue to AUD1454.2m (US$1.15bn) in 2020, compared to AUD1517m in the previous year. The result has been attributed to the impact of lower residential activity on cement and concrete volumes. However, reported net profit after tax advanced 98.1 per cent YoY to AUD93.7m from AUD47.3m. "In the context of the challenging operating environment, the financial outcomes we delivered for FY20 are better than we had expected and reflect the successes of our c...