Bluescope records profit jump

Lower coal and iron ore prices underpinned a continued upswing in the earnings of Bluescope, with the steelmaker lifting its underlying net profit to $112. 3 million for the year to June on the back of a rise in revenue.

The full year underlyng profit came in modestly ahead of the company’s forecast that it would match its first half underlying net proift of around $50 million in the second half, signalling a full year figure of around $100 million.

Read more here: SMH


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