Steel & Tube Holdings Limited reported a Group net profit of $15.6 million for the 2013 financial year, up 19% from last year. Earnings per share also rose by 19% to finish at 17.8 cents.
As these results indicate, despite flat economic conditions, the business continues to perform well. Steel & Tube has a strong record of quality earnings, increasing dividends and year-on-year profit growth. Steel & Tube’s return to the New Zealand Stock Exchange’s top 50 listed companies – the NZX 50 – also reflects the business’s on-going performance.
The Board is committed to providing shareholders with a consistent dividend stream and on the back of our positive financial position, we have declared a final dividend of 8.5 cents per share, bringing total dividends for the year to $13.27 million.