NZ steel operations deliver strongest earnings lift for Aussie multi-national BlueScope

Mon, 13 Aug 2018

By Pattrick Smellie Aug. 13 (BusinessDesk) - BlueScope Steel's two Kiwi businesses, New Zealand Steel and Pacific Steel, delivered an 84 percent lift in underlying earnings in the year to June 30, outstripping strong gains across the rest of the multi-national Sydney-based business and delivering the highest return on capital in the group. Once the Cinderella of the group, the New Zealand operations delivered underlying earnings before interest and tax of A$111.7 million for the year, compared with A$61.1 million a year earlier. Its retur...

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