Reuters logo
Australia's Bluescope shares fall more than 10 percent
August 19, 2013 / 12:16 AM / 4 years ago

Australia's Bluescope shares fall more than 10 percent

SYDNEY, Aug 19 (Reuters) - Shares in Bluescope Steel <BSL.AX fell more 10 percent in early trade on Monday after Australia’s largest steelmaker said uncertainty over domestic demand meant its first-half result for 2014 would not better its 2013 second-half result.

Bluescope reported underlying profit, excluding one-off items, of A$29.7 million ($27 million) for the year ended June 30, swinging from a loss of A$237.5 million a year earlier and exceeding analysts’ average forecast of A$25.1 million, according to Thomson Reuters Starmine.

The company’s shares were down 10.4 percent at A$4.90 in early trade.

$1 = 1.0869 Australian dollars Reporting By Jane Wardell; Editing by Richard Pullin

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below