BSL bluescope steel limited

News: BSL BlueScope Steel says FY underlying NPAT $650.8 mln

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    Aug 21 (Reuters) - BlueScope Steel Ltd (BSL) :

    • Announced a $715.9 million reported net profit after tax (NPAT) for FY2017 - a 102 per cent increase on FY2016
    • Will pay a fully franked final dividend of 5.0 cents per share
    • Undertake a further on-market share buy-back of up to $150 million during 1h FY2018
    • "Board is targeting returns to shareholders, including capital management, of 30-50 per cent of free cash flow"
    • Company currently expects 1H FY2018 underlying ebit around 80% of 2H FY2017 underlying EBIT
    • FY sales revenue from continuing operations $10.63 billion, up 17 percent
    • Combined gas & electricity costs for sites at port Kembla, Springhill & Western port forecast to increase 75% between FY2016 & FY2018
    • FY underlying NPAT of $650.8 million was 112 per cent higher than FY2016
 
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Last
$22.23
Change
-0.060(0.27%)
Mkt cap ! $9.750B
Open High Low Value Volume
$22.00 $22.26 $22.00 $20.85M 940.1K

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