BlueScope Steel Limited (ASX: BSL) has reported a net loss for the full year ending June 30 of $84 million

CommSec

Online Stockbroker

BlueScope Steel Limited (ASX: BSL) has reported a net loss for the full year ending June 30 of $84 million. This compares to a loss of more than $1.04bln last year. The $960 million improvement was driven by factors including its recent restructure and lower material costs. Underlying net profit came in at $30 million, a $267 million improvement on 12 months ago. The steel maker expects its performance in the first half of 2014 not to exceed that of the second half of fiscal 2013 due to continuing uncertainty in domestic demand. Two small acquisitions were announced; Orrcon, a maker and distributor of pipe and tube products and Fielders, a building products group. BlueScope will buy Orrcon and Fielders from Hills Holdings (HIL) for $87.5m. Visit (VIEW LINK) for more details.


CommSec
Online Stockbroker
Online Stockbroker

CommSec is Australia's leading online broker. CommSec has been committed to providing the best in online trading since 1995. CommSec helps make informed investment decisions with comprehensive market research, free live pricing and powerful...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.