Brief: Steel & Tube Holdings expects HY EBIT for FY18 to be lower than prior HY by NZ$9 mln- NZ$10 mln

Steel & Tube Holdings

15/11/2017 20:07

Nov 16 (Reuters) - Steel & Tube Holdings Ltd  STU.NZ  
    * Half-year earnings before interest and tax for 2018 FY 
will be 
lower than prior half year by NZ$9 million - NZ$10 million 
    * Reorganisation and restructuring activities will have an 
unavoidable impact on short term EBIT 
    * Margins are expected to improve in second half of 2018 
from 
improved pricing 
    * FY 2018 EBIT expected to be materially same as 2017 FY 
EBIT of 
NZ$31.1 million 
 
Source text for Eikon:  ID:nNZWjL3CS  
Further company coverage:  STU.NZ  
 
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