Australia's BlueScope posts higher annual profit, returns capital
16/08/2026 23:36
Australia's BlueScope posts higher annual profit, returns capital Aug 17 (Reuters) - Australia's biggest steelmaker BlueScope BSL.AX reported a better-than-expected full-year profit and forecast first-half 2027 earnings higher than market expectations on Monday, mainly driven by higher U.S. steel spreads and a stronger performance of its Southeast Asian operations.
The Australian steelmaker declared a final ordinary dividend of 65 Australian cents per share and announced a special dividend of 70 Australian cents per share, bringing its 2026 capital returns to A$3 per share.
BlueScope said it plans to return A$3 per share to shareholders in the 2027 financial year.
(Reporting by Sherin Sunny in Bengaluru; Editing by Edmund Klamann)
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