Boral is an international building products and construction materials group with three divisions: the leading integrated construction materials business of Boral Australia; USG Boral, a plasterboard joint venture in Asia, Australia and the Middle East; and Boral North America, a building products and fly ash business. Employing more than 23,000 employees and contractors, Boral's operations span 783 operating and distribution sites globally.
FY2020 marked a challenging year. In addition to Boral-specific, internal challenges, the company was confronted with the global COVID-19 pandemic, and the devastating impact of the Australian bushfires.
Boral reported a net profit after tax of $177 million excluding significant items for the year ended 30 June 2020, compared to $419 million in the prior period. Significant items, including a net non-cash impairment, totalled $1,316 million, resulting in a statutory net loss after tax of $1,139 million.
We recognise that improved performance and sustainable outcomes for all our stakeholders is critical for Boral’s long term success. Boral is currently completing a comprehensive portfolio review, looking at all of our businesses and assets, with a view to improve earnings and sustainable growth in the future.
Boral Australia is the country's largest construction materials and building products supplier with operations in all states and territories. In Australia, Boral supplies concrete, quarry products, asphalt, cement, roof tiles, timber and masonry to build infrastructure, residential construction and commercial buildings.