Steel & Tube Holdings, which supplies steel building products such as reinforcing rods, reported 85% slump in first half profit, reflecting weaker demand and prices.
Its net income fell to NZD 3.17 million in the six months ended December 31, from NZD 20.8 million.
Sales fell by 30% to
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Wednesday, August 11, 2010
New Zealand Steel Tube profit in H1 slumps by 85pc
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