Summary: BlueScope has reported a net profit after tax (NPAT) of $1.01 billion for FY2023, marking a decrease from the previous year's record result. The company has also approved a $1.15 billion reline and upgrade project for the No.6 Blast Furnace at Port Kembla Steelworks.A Year in Figures: FY2023 Financial HighlightsReported NPAT: A$1.01 billionn Underlying NPAT: A$1.10 billion Underlying EBIT: A$1.61 bilion Underlying pre-tax ROIC: 14.6%CEO's Perspective: Resilience in a Shifting LandscapeMark Vassella, the Managing Director and CEO, highlighted the robust underlying EBIT of A$1.61 billion and the company's ability to navigate challenging macroeconomic conditions.Balancing Growth and SustainabilityVassella emphasized the company's strategic acquisitions and expansions, including projects in the US and Australia. The company's commitment to reducing greenhouse gas emissions was also acknowledged.Looking Ahead: Fiscal Outlook for FY2024The company projects an underlying EBIT in the range of A$700 million to A$770 million for the first half of FY2024, with considerations for market conditions and exchange rates.
Summary: BlueScope has reported a net profit after tax (NPAT) of $1.01 billion for FY2023, marking a decrease from the previous year's record result. The company has also approved a $1.15 billion reline and upgrade project for the No.6 Blast Furnace at Port Kembla Steelworks.A Year in Figures: FY2023 Financial HighlightsReported NPAT: A$1.01 billionn Underlying NPAT: A$1.10 billion Underlying EBIT: A$1.61 bilion Underlying pre-tax ROIC: 14.6%CEO's Perspective: Resilience in a Shifting LandscapeMark Vassella, the Managing Director and CEO, highlighted the robust underlying EBIT of A$1.61 billion and the company's ability to navigate challenging macroeconomic conditions.Balancing Growth and SustainabilityVassella emphasized the company's strategic acquisitions and expansions, including projects in the US and Australia. The company's commitment to reducing greenhouse gas emissions was also acknowledged.Looking Ahead: Fiscal Outlook for FY2024The company projects an underlying EBIT in the range of A$700 million to A$770 million for the first half of FY2024, with considerations for market conditions and exchange rates.
