2016 Financial Report

Steel & Tube has posted a record revenue of $516 million, a lift of three per cent over the prior year. Net profit after tax for the year improved by 20.4 per cent to reach $25.8 million and reflects a $6.4 million one-off contribution from the Auckland property sale of Bowden Road. The company strategy executed over recent years has positioned Steel & Tube well, as illustrated by this year’s performance despite the challenges.