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BlueScope Steel posts a profit of $875.45 million , expects higher EBIT for H1 FY 2021-22

Australian steelmaker BlueScope Steel has posted a net profit of A$1.19 billion ($875.45 million) for the full financial year 2020-21 ended on June 30, compared to a net profit of A$96.5 million in the previous financial year.

The company attributed the increase in its net profit to the higher underlying EBIT.

The company’s sales revenues in the given period increased by 14 percent year on year to A$12.87 billion ($9.44 billion), due to higher global steel prices and strong demand, partly offset by the unfavorable impacts from a stronger Australian dollar exchange rate.

Meanwhile, BlueScope’s underlying EBIT in the given year rose by 206 percent year on year to A$1.72 billion ($1.26 billion) due to stronger steel spreads.

As for the beginning of the first half of the financial year 2021-22, the company expects orders and shipments in key markets to remain robust. The company expects underlying EBIT to be in the range of A$1.8-2.0 billion in the first half of the financial year 2021-22.



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لوريم ايبسوم هو نموذج افتراضي يوضع في التصاميم لتعرض على العميل ليتصور طريقه وضع النصوص بالتصاميم سواء كانت تصاميم مطبوعه لوريم ايبسوم ليتصور طريقه لوريم ايبسوم.

About AISU

Arab Iron and Steel Union was established in Algeria in 1972 as the first Arab Union of the Arab countries to be founded under the Council of Economic Unity umbrella in the League of Arab States.

It is the first Arab organization to specialize in the iron and steel field, and its tasks fall within making plans aimed mainly at developing and growing the iron and steel industry in the Arab world.

Arab Iron and Steel Union comprises a wide range of multi-activity companies related to the iron and steel industry from the Arab countries.


92 Members

28 Board of Directors

17 Country

300.000 Employees

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