Daido ahead by 50pc

DAIDO Concrete's interim profits have leapt 50 per cent to $12.4 million for the six months to October 31.

Earnings per share rose to 8.73 cents and the directors have proposed an interim dividend of three cents a share.

Turnover for the half-year climbed 55 per cent to $986.3 million, with sales boosted by a recovery in the concrete-pile market and increased demand for steel and water pipes.