Shareholder Reports

2013 Financial Report

For the year ended 30 June 2013 Steel & Tube Holdings Limited reported a Group net profit after tax of $15.6 million. This result compares to a profit after tax of $13.1 million last year, an increase of 19%. Earnings per share for the year ended 30 June 2013 were 17.8 cents, compared to 14.9 cents for the year prior.

As at 30 June 2013, total equity increased by $4.5 million to $157.2 million. Total assets decreased by $8.1 million to $222.4 million, compared to $230.4 million in the prior year.

S&T_2013_Financial_Report_bm.pdf

2013 Half Yearly Report

S&T_Half_Year_Report_2013.pdf

2013 Shareholder Review

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. 

S&T_2013_Shareholders_Review.pdf

2012 Annual Report

For the year ended 30 June 2012, Steel & Tube Holdings Limited reported a Group net profit after tax of $13.1 million. This result compares with a profit last year of $17.0 million after tax, and represents a decrease of 23 per cent. Earnings per share for the year ended 30 June 2012 were 14.9 cents, compared with 19.4 cents for the year prior.

As at 30 June 2012, total equity increased by $0.7 million to $152.7 million. Total assets decreased by $1.1 million to $230.4 million, compared with $231.5 million in the year prior.

2012 Annual Report

2012 Half Yearly Report

S&T_2012_HYR.pdf

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.

sth_2011_annual_report.pdf

2011 Half Yearly Report

S&T_2011_HYR.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.

sth_2010_annual_report.pdf

2010 Half Yearly Report

S&T_2010_HYR.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.

sth_2009_annual_report.pdf