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Adelaide Brighton 1H net profit drops 6.7%

AAP logoAAP 30/08/2016 Lilly Vitorovich

Construction materials and lime maker Adelaide Brighton's first-half profit is down 6.7 per cent to $77.1 million, hurt by a fall in property deals.

Net profit for the six months to June 30 fell from $82.6 million a year earlier, despite a 1.2 per cent rise in revenue to $686 million.

Adelaide Brighton expects its full-year net profit to be in the range of $190 million to $200 million, including an estimated $7 million gain from property transactions.

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