Forum Archive Index - August 2000

[Chris <cd@ak.planet.gen.nz>]

How's this for a positive result.  More upside in price is due and 
initial response in last half hour supports that.  Conservatively I see 
180c attainable in short term once result is digested.

Chris 



STU
31/08/2000
FLLYR

REL: 1130 HRS Steel & Tube Holdings Limited

FLLYR: STU: FY TO 30/06/2000 $14.265M ($3.364M) +324%

CONSOLIDATED OPERATING STATEMENT FOR THE FULL YEAR 30/06/2000_
audited (NZ$'000)_
        Current Previous_
        Period  Corresponding_
                Period_
OPERATING REVENUE_
 Sales revenue  403,094 337,901_
 Other revenue          _
Total Operating Revenue         _
OPERATING SURPLUS (DEFICIT)_
 BEFORE UNUSUAL ITEMS AND TAX   27,814  16,973_
Unusual items_
 for separate disclosure        (850)   (9,246)_
OPERATING SURPLUS (DEFICIT)_
 BEFORE TAX     26,964  7,727_
Less tax on operating surplus   (10,835)        (4,019)_
Operating surplus (deficit)_
 after tax but before minority_
interest        16,129  3,708_
Less minority interests (1,864) (344)_
Equity earnings         _
OPERATING SURPLUS (DEFICIT) _
 AFTER TAX ATTRIBUTABLE _
 TO MEMBERS OF LISTED ISSUER    14,265  3,364_
Extraordinary items after tax           _
Less minority interests         _
Extraordinary items after tax_
 attributable to members of the_
 Listed Issuer          _
TOTAL OPERATING SURPLUS_
 (DEFICIT) AND_
 EXTRAORDINARY ITEMS_
 AFTER TAX      16,129  3,708_
Operating Surplus (Deficit)_
 and Extraordinary Items after_
 Tax attributable to Minority_
 Interest       1,864   344_
Operating Surplus (Deficit) _
 and  Extraordinary  Items after  _
 Tax attributable  to Members _
 of the Listed Issuer   14,265  3,364_
EPS     15.0    3.8_
SHAREHOLDERS' EQUITY_
  ATTRIBUTABLE TO MEMBERS _
 OF THE HOLDING COMPANY 125,565 114,456_
_
The financial result for the thirteen months ended 30/06/2000 was an after
tax profit of $14.26m.  This compares favourably with the $3.36m recorded 
in
the year ending 31/05/1999.  Sales increased during this period by $98m or
32% after deducting the discontinued Engineering activities.   The 
improved
profit result was achieved through a combination of increased business
activity and actions taken to improve core business performance in both NZ
and Canada.  Annualised earnings per shares increased from 3.8c to 15c.
End CA:00059145 For:STU    Type:FLLYR      Time:2000-08-31:11:31:07 
Encrypt:Y

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