Steel & Tube 1H ebit could rise as much as 31%

Jenny Ruth
Thu, 17 Dec 2020

Jenny Ruth
Thu, 17 Dec 2020
Steel & Tube Holdings expects its first-half normalised operating earnings could come in up to 31 percent stronger than last year.The steel products distributor said trading in the first five months of its 2021 financial year has been "solid" with revenue tracking close to the previous first half and earnings before interest and tax ahead, "reflecting cost reduction initiatives and gains from sub-leasing property."The company expects to report normalised ebit — after taking into account the new accounting standard...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Property FREE
Housing dominates Labour's first meeting of 2021
Brent Melville | Thu, 21 Jan 2021

Government has rolled out its much heralded plan for public housing ahead of this week's Labour Party retreat. 

Tech investors chafe at foreign investment rules
Peter Griffin | Thu, 21 Jan 2021

NZ must compete to attract and retain tech investment. 

Schools blocked 2.9 million cyber threats daily
Henry Burrell | Thu, 21 Jan 2021

Distracting and non-work content drove most of the blocking, with only about 6 percent of material considered harmful. 

How consumers can give local businesses a boost

Why this holiday is different for New Zealand SMEs.

What has Covid-19 changed for supply chains?

Covid-19 has helped businesses recognise Supply Chain as a critically important function within their organisation.