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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
General Business
3 mins to read

Steel & Tube delivers a substantial loss; more restructuring

But "new normal" comes at a cost for the company; no dividend paid.

Dita De Boni Fri, 28 Aug 2020

Steel & Tube pre-warned the market of a significant loss in the financial year to the end of June, and it has delivered on that this morning in full year results announced to the NZX.

Goodwill impairments and other write-downs totalling $58.1 million, due to the acceleration of branch network

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Dita De Boni Fri, 28 Aug 2020
Contact the Writer: dita@nbr.co.nz
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Steel & Tube delivers a substantial loss; more restructuring
General Business,
84745
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