Infrastructure

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

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...

Try free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
A custom library of your saved stories
An industry-leading search engine
Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Support quality New Zealand journalism by subscribing today.

Find out more

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Infrastructure

New players sought for electricity futures market

Gavin Evans | Wed, 20 Jan 2021

Paying new players to offer market-making services may improve pricing, Electricity Authority believes.

Opinion

BlackRock mansion: where $12T lives

David Chaplin | Wed, 20 Jan 2021

Global funds management is concentrating into fewer and fewer hands.

Primary Sector

The Zespri effect: Has NZ's hops industry found its Sungold?

Brent Melville | Wed, 20 Jan 2021

New Zealand's hop industry has a clear vision for the future, though this includes some fairly hazy IPAs.

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

Not convinced yet?

Your company has a subscription

Team