Construction materials and services provider, Wagners Holding Company Limited (ASX:WGN) today released its results for the financial year ending 30 June 2018.
Operational Highlights and Initiatives
Wagners performance for the period has indicated strong growth and financial performance in line with expectations and the prospectus forecast.
Wagners CEO, Cameron Coleman said: “Wagners results for the financial year ending 30 June 2018 are in line with our expectations.
“We have experienced strong cement sales as a result of increased concrete consumption and increased activity in the renewable energy projects in South East Queensland. We have also seen significant improvement across the balance of the construction materials and services business compared to the previous financial year.
“During the year we have invested in our concrete strategy, haulage assets and expansion of quarry reserves and we expect to continue to invest in assets to enable our business to grow.
“We are excited by the opportunities that are presented for our New Generation Building Materials business both in CFT and EFC and we look forward to the delivery of our first pedestrian boardwalk in the United States later this year.”
Wagners Holding Company Limited held an Investor Briefing Conference Call on Wednesday, 22 August 2018 at 4:00pm.
For further information, please contact:
Ph. 07 3621 1131
Wagners is a diversified Australian construction materials and services provider and an innovative producer of New Generation Building Materials. Established in 1989 in Toowoomba, Queensland, Wagners is now an ASX-listed operator in domestic and international markets. After starting with three trading divisions, Wagners Concrete, Quarries and Transport, Wagners now includes cement, concrete, quarries and mobile crushing, flyash, precast concrete products, bulk haulage services, reinforcing steel and composite fibre building materials.