Page 2 - Mark Malpass News Today

First Union says their former employer, Rehua Reo Contracting, effectively forced them to quit by stopping wages late last year.

First Union says their former employer, Rehua Reo Contracting, effectively forced them to quit by stopping wages late last year.

Steel & Tube's half-year earnings have dipped 17.5 percent as price increases were offset by inflation and depreciation.

Steel and manufacturing company Steel & Tube (STU) has posted a record full-year profit, on the back of higher sales and better margins.

The building boom and rising prices and margins have delivered a tripling of Steel and Tube's half year profit.

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Steel & Tube Holdings' underlying profit was expected to be between $20 million and $22m in the half year to December.

Several New Zealand businesses are encouraging more than 25,000 staff to get vaccinated via incentives of prizes, $100 cash, $200 donations to charities an

A booming construction sector and tighter cost controls has seen the steel and manufacturing company Steel & Tube (STU) return to profitability.

Steel & Tube turns loss turned into profit, resuming dividend payments 25 Feb, 2021 08:00 PM 3 minutes to read Steel & Tubes revenue dropped because of Covid but the company turned last years interim loss into a profit and has decided to resume paying shareholders a dividend. Revenue fell 2.5 per cent from $232m last year to $226.3m in the half-year to December 31, 2020 but last years net loss after tax of $37m was converted into a $4.3m net after-tax profit. The big change was because of a goo...