Bisalloy Steel Reports Strong Profit Growth in FY24

Bisalloy Steel Group Ltd (AU:BIS) has released an update.

Bisalloy Steel Group Ltd has reported a robust financial performance for FY24, with a significant increase in profits despite a slight decrease in revenue. The company achieved a 23% rise in profit after tax attributable to members, reaching $15.7 million. This financial strength is attributed to strong pricing discipline, favorable sales mix, and reduced input costs in the second half of the year.

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