Steel & Tube misses its own profit forecast, slashes dividend
Without acquisitions, underlying profit would be down.
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Hawke’s Bay
Steel & Tube has fallen short of its own operating profit forecast and has slashed its final dividend as sales dipped and costs and debt levels climbed.
The company’s net profit fell 22% to $20 million for the year ended June, with sales down 1% to $511.4 million.
Earnings before interest and
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Jenny Ruth
Fri, 18 Aug 2017
Fri, 18 Aug 2017
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Steel & Tube misses its own profit forecast, slashes dividend
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