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.

2011 Annual Report

For the year ended 30 June 2011 Steel & Tube Holdings Limited reported a Group net profit after tax of $17.0 million. This result compares to a profit of $5.7 million after tax last year an increase of 198%. Earnings per share for the year ended 30 June 2011 were 19.4 cents compared to 6.5 cents for the prior year.

As at 30 June 2011 total equity increased by $6.1 million to $152.0 million and total assets by $13.4 million to $231.5 million, compared to $218.1 million in the prior year.

PDF icon sth_2011_annual_report.pdf

2010 Annual Report

The financial result for the year was an after tax profit of $5.7 million compared to $26.1 million the previous year. Included in the result is a one-off charge in tax expense of $4.2 million relating to the budget announcement in May 2010 and in particular to the removal of tax depreciation on buildings. This expense is a non-cash adjustment that has no effect on the Company’s underlying profitability, dividends or cash flows for the year ended 30 June 2010.

PDF icon sth_2010_annual_report.pdf

2009 Annual Report

The Company announced a full year after tax result of $26.1 million. This is an increase of $3.6 million or 15.9%, when compared with the previous year’s result. Sales at $484 million were $20 million lower than last year.

Previously announced results for the six months to 31 December 2008 were sales revenue of $274 million and net profit after tax of $20.8 million. For the second half of the financial year, the sales revenue was $210 million and net profit after tax was $5.3 million.

PDF icon sth_2009_annual_report.pdf

2008 Annual Report

The Company announced a full year after tax result of $22.5 million. This is a decrease of $5.2 million, or 18.8%, when compared with the previous year’s result. Sales at $504 million were up from $466 million in the previous year. Normalised profit after restructuring and asset sales for the year amounted to $23.3 million.

PDF icon 2008 annual report.pdf

2007 Annual Report

Awarded the 2007 ACC Thinksafe Workplace Safety Award for the Wellington region. As part of our facilities upgrade plans, we re-located our Hamilton and Mount Maunganui branches in Distribution and Roofi ng and the Wellington Roofi ng branch to new purpose-built leased premises. New Fastening branches were opened in Hamilton, Palmerston North and Mount Maunganui. New Chain and Rigging and Safety Solutions branch opened at Petone. Steel and Tube staff participated in the Cancer Society’s Wellington region ‘Relay for Life’ and raised $10,000. The company matched the amount raised.

PDF icon 2007-annual-report.pdf

2006 Annual Report

Dividends maintained at 32 cents per share. Increase of $25 million in operating cash flows. Early adoption of NZIFRS. Chain and Rigging business acquired August 2005. Stainless Steel Distribution business acquired April 2006. 2005 Competenz Award for outstanding Occupational Health & Safety practices.

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2005 Annual Report

RECORD PROFIT. Increase of 27% – in EBIT to $58 million and net profit to $36 million. SHAREHOLDERS’ RETURNS INCREASED. Earnings per share increase of 27% to 41 cents. Ordinary dividends per share increased by 5 cents to 32 cents. Return on equity 26.8% up from 22.7%. SAFETY RECORD. Zero lost time injuries for the year. Hurricane Wire Products awarded the COMPETENZ Workplace. Safety Award for 2004.

PDF icon 2005_AR.pdf

2004 Annual Report

50TH ANNIVERSARY. 50 years in business since incorporation in December 1953. RECORD PROFIT. 32% increase in after tax profit to $28 million. 34% increase in return on shareholders’ funds. INCREASED SHAREHOLDER RETURNS. Earnings per share increased by 32% to 32.3 cents. Dividends per share increased by 61% to 37 cents, inclusive of 10 cents special dividend. HURRICANE INTEGRATION. Successful integration benefits group profitability. SAFETY PERFORMANCE. World-class safety record maintained.

PDF icon 2004_AR.pdf

2003 Annual Report

Highlights: Net profit after tax increased by 18% to $21.5 million. Earnings per share increased by 18% to 24.5 cents. Dividend per share increased by 21% to 23 cents, excluding special dividend from last year. Acquisition of hurricane wire products. Wellington region gold award for workplace safety.PDF icon 2003_AR.pdf

2002 Annual Report

Net profit after tax increased by 22.8% to $18.3 million. Earnings per share increased by 22.4% to 20.8 cents. An 81% increase to 29 cents in dividends per share inclusive of special dividend. 25% increase in cash flows from trading activities within New Zealand. Acquisition of Pipeline Supplies New Zealand Limited. Zero lost time injuries.PDF icon 2002_AR.pdf