Connect with us


BlueScope (ASX:BSL) share price rises after growing HY21 profit by 78%



The BlueScope Steel Limited (ASX: BSL) share price is up more than 2% after the steel manufacturing company announced that its profit had more than doubled in the FY21 result.

BlueScope was positive about the current operating environment despite COVID-19. Here are some of the highlights from the report if you didn’t catch it earlier:

BlueScope’s FY21 half-year result

The company said that its net profit after tax (NPAT) grew by 78% to $330.3 million. BlueScope reported that its underlying net profit after tax (NPAT) was $332.8 million.

Underlying earnings before interest and tax (EBIT) for the half-year was $530.6 million, up 75% compared to the prior corresponding period.

BlueScope said that it has seen strong volume and…

Click here to view the original article.

Continue Reading

You might also like ...

CBA (ASX:CBA) share price on watch after being hit with civil proceedings by ASIC
ASX aged care shares in focus after final results of Royal Commission released