HIGHLIGHTS: Health and Safety: Achieved significant improvement in the Group’s safety record during the period. Bonus Issue: A Taxable Bonus Issue of one ordinary share for each ordinary share on issue at 12 September 1997. Steel Distribution and Processing: Auckland operations of Steel and Tube and Metal Sales relocated to new purpose-built facilities in East Tamaki. Engineering and Fabrication: Southern Cross Hamilton moved to larger and more efficient leased premises. Reinforcing and Fabrication: Record profits earned for the period. A J Forsyth & Company Limited: Extensions completed to Vancouver and Prince George with a plasma cutter commissioned at both locations.
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