Shares take a hit as company describes continuing challenges.
NBR staff Mon, 18 Nov 2019
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
Want to read more? It's easy.
Choose your best value subscription option
Student
Exclusive offer for uni students studying at a New Zealand university (valued at $499).
