Steel & Tube hopes major projects will support second half

Mon, 24 Feb 2020

Steel & Tube Holdings is pinning its hopes on supplying a number of major projects to help it produce a better second-half result.Those projects include the Metro Sports facility in Christchurch, the new wharf at Port of Napier, the Mangere Bridge rebuild and the City Rail Link in Auckland.The steel products distributor's underlying first-half operating profit fell nearly 42 percent, even before further goodwill write-offs and yet more restructuring costs, although both were well-flagged.The company's net loss of $37 million for the six mon...

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