Australian steelmaker BlueScope has reported 43% YoY shrinkage in net profit after tax in July-December 202 (H1 of FY2023). BlueScope Managing Director & CEO Mr Mark Vassella said “Underlying EBIT for the half year was robust at AUD 851 million in the context of softening macroeconomic conditions relative to those observed across FY2022. This result demonstrates the resilience of our diversified business model, as the strength in many of our downstream businesses and operations partly offset the impact of steel spreads softening from record levels.”--------------------------1H FY2023 HeadlinesUnderlying EBIT - AUD 851 millionReported NPAT- AUD 599 millionUnderlying NPAT – AUD 614 million
Australian steelmaker BlueScope has reported 43% YoY shrinkage in net profit after tax in July-December 202 (H1 of FY2023). BlueScope Managing Director & CEO Mr Mark Vassella said “Underlying EBIT for the half year was robust at AUD 851 million in the context of softening macroeconomic conditions relative to those observed across FY2022. This result demonstrates the resilience of our diversified business model, as the strength in many of our downstream businesses and operations partly offset the impact of steel spreads softening from record levels.”--------------------------1H FY2023 HeadlinesUnderlying EBIT - AUD 851 millionReported NPAT- AUD 599 millionUnderlying NPAT – AUD 614 million
