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Boral hit by WA slowdown

Building products manufacturer Boral has been dented by the continued weak performance of its Western Australian operations, reporting lower underlying earnings and a $20 million asset impairment for its WA bricks business.

The ASX-listed company said the WA bricks business, which trades as Midland Brick, suffered a 26 per cent fall in volume and a 5 per cent fall in prices during the year to June 2017.

Restructuring of the operation resulted in the loss of 52 jobs.

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Total Shareholder Return as at 30/09/16

1 year TSR5 year TSR
197thHarvey Norman42%26%
227thAdelaide Brighton34%22%
236thBoral33%17%
303rdStockland21%14%
497thBank of Queensland-12%13%
726 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

26th-Boral$4,356.4m
33rd↑Harvey Norman$3,018.6m
37th↑Stockland$2,123.0m
43rd-Adelaide Brighton$1,462.8m
47th↑Bank of Queensland$1,088.0m
77 listed non wa companies ranked by revenue.
Source: Morningstar

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