Brief: Steel & Tube Holdings Declares Final Dividend Of 4 NZ Cents Per Share

Steel & Tube Holdings

20/08/2023 21:43

Aug 21 (Reuters) - Steel & Tube Holdings Ltd  STU.NZ :
    * DECLARED A FINAL DIVIDEND OF 4 NZ CENTS PER SHARE, 100%
IMPUTED
    * FY23 REVENUE OF NZ$589.1M
    * FY NORMALISED EARNINGS BEFORE INTEREST AND TAX OF NZ$32.1M
    * NET PROFIT AFTER TAX FOR FY23 WAS NZ$17.0M
    * CAUTIOUSLY OPTIMISTIC THAT 2023 REPRESENTS BOTTOM OF CYCLE
    * ALTHOUGH WE DON'T EXPECT FAST RECOVERY, ANTICIPATE THERE
WILL BE
SOME IMPROVEMENT FROM EARLY 2024

Further company coverage:  STU.NZ 

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