BlueScope profit win

Company News

by Lee Brooks


BlueScope Steel Limited (ASX:BSL) has delivered underlying net profit of $293 million, a 119 per cent improvement on last year.

Underlying EBIT lifted 89 per cent to $570.5 million thanks to sales growth, cost reductions and benefits from the North Star acquisition.

Reduced costs have enhanced the performance of steel making operations in Australia and New Zealand and the company says it intends to make improvements to its Port Kembla blast furnace down the track.

A final dividend of 3 cents per share fully franked has been declared.
 

Subscribe to our Daily Newsletter?

Would you like to receive our daily news to your inbox?