Hefty costs linked to its construction backlog and a pipe replacement program have helped consign BGC to a bigger annual loss as the home builder and building products group shapes up to a new court battle with Australia’s dominant brick maker. Financial accounts filed in the shadow of Christmas show the family-owned group’s loss for the year to June 30 blew out to $63.2 million from $41.6m previously, despite a 4 per cent increase in revenue to $914.2m. The result included $19m of profit returned by its fibre cement and plasterboard businesses, which are contracted for sale to Belgian company Etex. BGC, owned by the heirs of its…
