Euro Corporation earnings crash as demand contracts

Euro Corporation steel said the market is volatile. (Image: NZME)

Thu, 22 May 2025

Steel company Euro Corporation’s owner said its full-year earnings before interest, tax, depreciation, and amortisation fell by about half. The privately held company is not required to report publicly, but a leaked report from majority owner Maui Capital said challenging market conditions continued for the 12 months to March 2025.Abbreviated financial statements for the year ended March 2024 showed total revenue at $235.9 million, up from $284.88m in the 12 months prior. Profit for that year was $22.51m, up from $15.03m.Maui Capital...

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