Brief: Steel & Tube Expects HY Normalised EBIT Of Between NZ$6.5-NZ$7.5 Million

Steel & Tube Holdings

17/12/2020 06:17

Dec 17 (Reuters) - Steel & Tube Holdings Ltd  STU.NZ :
    * EXPECTS HY NORMALISED EBIT OF BETWEEN NZ$6.5-NZ$7.5
MILLION
    * NEGOTIATING SALE OF REMAINING PROPERTY AS PART OF PROPERTY
DIVESTMENT PROGRAMME
    * REVENUE FOR FIRST FIVE MONTHS OF FY21 IS TRACKING SLIGHTLY
LOWER
THAN FOR SAME PERIOD LAST YEAR
    * SEES STRONG CASH POSITION FOR HY ENDING 31 DEC
    * NOVEMBER REVENUE BACK IN LINE WITH PRIOR YEAR
    * WORKING CAPITAL IMPACT IS EXPECTED IN DEC TO SUPPORT
SEASONAL
INVENTORY HOLDINGS

Source text for Eikon:  ID:nNZW6LQlJy 
Further company coverage:  STU.NZ 

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