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