Profit warning from Steel & Tube
Shares take a hit as company describes continuing challenges.
Building products distributor Steel & Tube has warned its half-year earnings will be about $4 million lower than expected, citing restructuring costs and market conditions.
The company’s shares fell 9% on the news, falling 8c to 79c.
In a statement to the NZX Steel & Tube blamed $2m of the
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NBR staff
Mon, 18 Nov 2019
Mon, 18 Nov 2019
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Profit warning from Steel & Tube
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