Brief: Steel & Tube Holdings Posts HY Net Profit After Tax Of NZ$14.3 Mln

Steel & Tube Holdings

22/02/2022 19:51

Feb 23 (Reuters) - Steel & Tube Holdings Ltd  STU.NZ :
    * HY NET PROFIT AFTER TAX OF NZ$14.3M
    * HY REVENUE OF NZ$282.2M, UP 25%
    * INTERIM DIVIDEND OF 5.5 NZ CENTS PER SHARE
    * STRONG DEMAND FOR STEEL IS EXPECTED TO CONTINUE
    * INCREASED INVESTMENT IS EXPECTED IN 2H22
    * CURRENT RESIDENTIAL ACTIVITY IS EXPECTED TO BE MAINTAINED
IN
SHORT TERM
    * OMICRON IS EXPECTED TO ESCALATE OVER THE NEXT FEW WEEKS
AND
CAUSE DISRUPTION FOR A NUMBER OF MONTHS
    * NO SIGNIFICANT CHANGE IN SECTOR HEADWINDS ANTICIPATED IN
NEXT
SIX MONTHS
    * ANTICIPATES CONTINUED EARNINGS MOMENTUM AND DIVIDENDS IN
SECOND
HALF

Source text for Eikon:  ID:nNZW7KBPts 
Further company coverage:  STU.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))