Bluescope Steel Limited (AU:BSL) has released an update.
BlueScope Steel Limited reported a solid FY2024 performance with an underlying EBIT of $1.34 billion despite a decrease in net profit after tax from the previous year, reflecting the company’s resilience amid industry volatility. The company has maintained a strong balance sheet with $364 million net cash and returned $548 million to shareholders through dividends and buy-backs. BlueScope is also focusing on a low-carbon future and advancing its ‘Transform, Grow, Deliver’ strategy with significant investments in the US, Australia, and New Zealand.
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