Steel & Tube Holdings Limited (NZX: STU) has reported record results for the 12 months ended 30 June 2022 (FY22), with revenue of $599.1m and net profit after tax (NPAT) almost doubling to $30.2m.
Earnings momentum was driven by a focus on customer service, trading disciplines, operational excellence and supply chain management, as well as positive market conditions.
The company declared a final dividend of 7.5 cents per share, taking total dividends to 13.0 cents per share, equating to a gross yield of 11.4%.
Steel & Tube is well positioned to deliver through the economic cycle, while continuing to invest in growth and deliver sustainable double-digit return on funds employed.
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