Steel & Tube first-half profit drops 64% as reorganisation continues
Steel supplier reports a profit fall from $10.6 million to just $3.8 million in the six months ended December 31.
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Reporting season
Steel & Tube [NZX:STU] chief executive Mark Malpass says restructuring has had an “unavoidable impact” on short-term ebit after the company reported a profit fall from $10.6 million to just $3.8 million in the six months ended December 31.
The steel supplier, which was also found guilty of
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Dane Ambler
Fri, 23 Feb 2018
Fri, 23 Feb 2018
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Steel & Tube first-half profit drops 64% as reorganisation continues
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