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| Rinker half year EPS rose 16% Rinker Group Ltd., Australia's biggest building materials maker, announced a net profit after tax (PAT) for the half-year ended 30 September 2006 of US$410 million, up 12% on the previous corresponding period. Earnings per share (EPS) rose 16% to 45.3 US cents. Earnings per ADR were US$2.26, also up 16%. On a like-for-like basis, PAT rose 19% and EPS rose 22%. This result excludes the US$20 million after tax gain in the previous corresponding half, from the sale of a Las Vegas quarry. Trading revenue, profit, margins and return on funds employed (ROFE) rose in all major segments of the US subsidiary, Rinker Materials, despite the slowdown in US housing construction. write your comments about the article :: © 2006 Construction News :: home page |