Carter Holt's Australian building products unit returns to profit in 2014

Thu, 30 Apr 2015

By Paul McBeth April 30 (BusinessDesk) - Carter Holt Harvey's Australian building products unit returned to profit in 2014, as it fattened margins on increased sales, reversed prior impairment charges and reaped a gain its share of the sale of pulp, paper and packaging businesses. The Australian business, which was renamed Carter Holt Harvey Building Products Pty this month, reported a net profit of A$167.7 million in calendar 2014, turning from a loss of A$14.3 million a year earlier, according to financial statements lodged with the Aus...

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