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| Business Description | |
| Company's activities |
Rinker Group Limited (RIN) is a focused, heavy building materials group, comprising Rinker Materials Corporation in the United States and Readymix in Australia and China. RIN was formed from the demerger of US based Rinker Materials Corporation as well as the Readymix and Humes businesses from CSR Limited in March 2003. Management expect RIN to be one of the top 10 heavy building materials companies in the world. |
| Strategic Analysis | |
| Analysis of company's stated forward thinking |
The strategy of RIN is to grow its asset base in North America. Currently 80% of revenue and earnings are derived from the US. RIN has stated it intends to spend US$200m per year on acquisition to further build its market position through consolidating the building materials market across strategic growth states within the US. The core earning driver for RIN comes from the Florida with the other key area of revenue being the state of Arizona. The combination of these two states represents 45% of revenue and employs more than 6000.Rinker Group reported NPAT up 37.1% to $585.2m for the year ended 31 March 2005. Revenues from ordinary activities were $6.03bn, up 11.7% from $5.40bn last year. Diluted EPS was 62.1 cents compared to 45.2 cents last year. Net operating cash flow was $896.5m compared to $947.0m last year. The final dividend declared was 14 cents 60% franked, which brought the total dividend for the year to 21 cents. |
| Last Financial Year End | |
| Reporting period |
30/03/05 |
| Indices | |
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Data and Analysis provided by Huntley Investment Information Pty Ltd
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