Steel & Tube upgrades again

Wed, 15 Dec 2021

Listed steel company Steel & Tube has hiked its guidance again and now expects earnings before interest and tax (ebit) of up to $22 million for the six months to Dec 31.In November Steel & Tube revised its ebit guidance up to $17m.The company said strong trading across the group saw its revenue rise 22% for the first five months of the financial year compared to the same time in the previous financial year. Despite its upbeat outlook, it is still not giving guidance for the second half of the financial year.Earnings before interest, tax...

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