Prospects get a buff at Steel & Tube on record full-year result
A five-year project has saved about 20% in costs and given company ‘oxygen’ for growth, acquisitions.
Net profit had gained almost 97% in the year at Steel & Tube.
Steel & Tube has delivered a record set of results for its year to June 30, 2022 – the culmination of a five-year process to reorient the business and integrate its disparate parts to better exploit a booming construction market and record spending on infrastructure.
Revenue grew 24.6% to $599.1
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