News: BSL BlueScope Steel posts FY underlying NPAT of $293.1 million

Aug 22 (Reuters) - BlueScope Steel Ltd (BSL) :

• Says FY underlying npat of $293.1 million
• Says FY sales revenue of $9.18 billion
• Expect 1h FY 2017 underlying EBIT to be around 50% higher than 2h FY 2016

  which was $340.4M

• Expect 1h FY 2017 underlying net finance costs to be lower than 2h FY 2016
• Expect slightly higher underlying tax rate and similar profit attributable to

  non-controlling interests to 2h FY 2016

• Says final dividend of 3.0 cps
• There continues to be significant short-term fluctuation
• Another economic downturn in developed economies or slower growth in China,

  could affect demand for co's products and financial prospects

• Forecasters expect a general slow-down in steeldemand impacting our

  Australian business over the next few years"