Adbri's revenue hit by lower demand in 2020 - Cement industry news from Global Cement
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...
Source: globalcement.com