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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 & Tube's revenue dropped because of Covid but the company turned last year's 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 year's net loss after tax of $37m was converted into a $4.3m net after-tax profit. The big change was because of a goodwill writedown of more than $30m in the previous corresponding period. A turnaround in performan...