NZ Steel boosts Bluescope with extra ironsand exports

Tue, 26 Aug 2014

By Pattrick Smellie Aug. 26 (BusinessDesk) - The New Zealand operations of Australian steel products maker Bluescope provided a substantial boost to earnings through a sharp increase in ironsand exports, better margins on steel thanks to lower coal costs, and increased steel sales as the domestic construction market became more buoyant. Underlying earnings before interest and tax clocked in at A$74.7 million in the year to June 30, more than twice the previous year's A$36.1 million, a figure restated to reflect changes to Australian accou...

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