Connect with us

Business

ASX 200 goes higher, Afterpay sinks, Adbri impresses on Tuesday 23 February 2021

Published

on


The S&P/ASX 200 Index (ASX: XJO) rose by around 0.9% today to 6,839 points.

Here are some of the highlights from the ASX:

The Adbri share price was the best performer in the ASX 200, rising by 10.5%.

Construction business Adbri announced its FY20 report, showing that revenue dropped by 4% over the year to $1.45 billion. It blamed lower residential activity which affected its concrete and cement volumes. This offset improved sales of lime and concrete products.

Underlying net profit after tax (NPAT) fell by 6% to $115.6 million, but this was actually better than the guidance that it had previously given before it was withdrawn due to COVID-19.

It generated $93.7 million of statutory profit, with cashflow from operations growing by…



Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

Article feature image
Tea sold at Aldi recalled after contamination with chemical – NEWS.com.au
Article feature image
COVID wastewater alert for 11 suburbs in Melbourne’s west, residents urged to get tested – NEWS.com.au