BlueScope (ASX:BSL) profit hit by steel price decline

24Feb

BlueScope (ASX:BSL) profit hit by steel price decline

 

BlueScope (ASX:BSL) today reported a 1H FY2020 net profit after tax (NPAT) of $185.8 million, down 70 per cent on 1H FY2019, and an underlying NPAT of $199.6 million.

The blame is on the decline in commodity steel spreads which were predicted in August last year.

The Board has approved a 6 cents per share interim dividend and the extension of the on-market buy-back, to buy up to $100 million during 2H FY2020.

Shares in BlueScope (ASX:BSL) trading 4.8 per cent lower at $13.05.
  
Copyright 2020 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

07Jan

The Cann Group (ASX:CAN) see the first commercial-scale resin extraction for Australia

07 Jan 2020 - The Cann Group (ASX:CAN) and IDT Australia (ASX:IDT) have jointly announced that GMP extraction activities are underway for the first batches of medicinal cannabis resin.

Read More
09Jun

CSL (ASX:CSL) to acquire biotech company Vitaeris

09 Jun 2020 - CSL (ASX:CSL) has agreed to exercise its right to acquire Vitaeris Inc in an acquisition cost described as modest, with additional R&D expenses in financial 2021 between $30 million to $50 million.

Read More
14Feb

Viva Leisure (ASX:VVA) acquires 13 new health clubs

14 Feb 2020 - Health club owner Viva Leisure (ASX:VVA) has completed the acquisition of the 13 FnF health clubs.

Read More
12Jun

Seven Group (ASX:SVW) will not provide market guidance due to uncertainty

12 Jun 2020 - Seven Group Holdings (ASX:SVW) will not provide revised market guidance at this time due to the uncertainty of current and ongoing COVID-19 measures.

Read More
18Aug

Stocks of the Hour: Domino’s, CSL & Coles

18 Aug 2021 - A snapshot of the stocks on the move, featuring Domino's Pizza, CSL & Coles.

Read More
27Jun

Stocks of the Hour: INOVIQ, Forrestania, Lincoln, Tamboran

27 Jun 2023 - A snapshot of the stocks on the move featuring INOVIQ, Forrestania Resources, Lincoln Minerals and Tamboran Resources.

Read More
15Mar

Clean TeQ Holdings (ASX:CLQ) awarded contract to upgrade Oman plant

15 Mar 2021 - Clean TeQ Holdings (ASX:CLQ) has been awarded a contract to upgrade the exiting DESALX technology plant in Oman.

Read More
03Sep

Ardent rejects reports of divestment talks

03 Sep 2019 - Dreamworld owner, Ardent Leisure Group (ASX:ALG) has responded to recent media speculation regarding a potential divestment of its US-based Main Event Entertainment.

Read More
01Jul

Stocks of the Hour: Westpac, Worley, Seek & Lendlease

01 Jul 2021 - A snapshot of the news that broke today featuring Westpac (ASX:WBC), Worley (ASX:WOR), Seek (ASX:SEK) and Lendlease (ASX:LLC).

Read More
06Mar

Costa Group (ASX:CGC) acquisitions

05 Mar 2021 - Fruit and vegetable grower, Costa Group (ASX:CGC) has inked conditional agreements to buy both the farming operations of KW Orchards citrus farm, as well as the EJT citrus packing facility.

Read More