Annual Reports

You can download Steel & Tube Holdings Limited Annual Reports by clicking on the links below.

PLEASE NOTE: Files are available in Portable Document Format (PDF) format. You will need a PDF reader, such as Adobe Reader or similar.

  • HIGHLIGHTS: APRIL 1992: Acquisition of the Stewart Steel steel merchandising branches. Sale of the ordinary shares in New Zealand Steel Limited. JUNE: Acquisition of Taylor Industries steel roofing and cladding operations. AUGUST: Acquisition by Motorcorp Holdings Limited of Jaguar wholesale cars and parts franchise for New Zealand. OCTOBER: Sale of the four remaining trading businesses of MacEwans Machinery. DECEMBER: Acquisition by Motorcorp Holdings Limited of Archibald and Shorter, Auckland, retailer of Jaguar cars.

  • HIGHLIGHTS: The profit after tax of $8.0m was 91% ahead of last year’s profit before extraordinary items of $4.2m. This result was achieved despite a 12% drop in sales from $286m to $251m. Although sales in steel merchandising were lower, an improved profit was earned. The contracting operations also had higher earnings, mainly due to a lift in Robt Stone’s performance. Motorcorp Holdings Limited (50% owned) had an unprofitable year, which is a reflection of the prevailing state of the car market. Although economic conditions during the year were difficult, there are signs of some recovery.

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