Vulcan Steel’s first-quarter earnings plunge 30%
Vulcan, founded by NBR Lister Peter Wells, says the NZ market has ‘deteriorated’ but sees better conditions ahead.
The market was unfazed by the announcement, with the shares moving higher.
Revenue and earnings at Auckland-based industrial product distributor Vulcan Steel have fallen steeply in the first quarter of its 2025 financial year, in what the company described as “challenging conditions in the near term”.
The dual-listed company, which has operations on both sides of the
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