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 profit doubling to $30.2m.
This was driven by a focus on customer service, trading disciplines, operational excellence, supply chain management and 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 investing in growth opportunities, such as added value plate processing and the acquisition of Kiwi Pipe and Fittings, and is well positioned to deliver through the economic cycle.
See more
