tiprankstipranks
Company Announcements

BlueScope Steel Adjusts Financial Figures Amid ASX Inquiry

Story Highlights
  • BlueScope Steel corrects its 1H FY2025 EBITDA from A$137 million to US$91 million.
  • North Star division maintains strong margins due to strategic location and market conditions.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
BlueScope Steel Adjusts Financial Figures Amid ASX Inquiry

Discover the Best Stocks and Maximize Your Portfolio:

Bluescope Steel Limited ( (AU:BSL) ) has shared an announcement.

BlueScope Steel Limited, a key player in the steel manufacturing industry, has issued a correction regarding its 1H FY2025 financial results. Specifically, it has adjusted the underlying EBITDA figure in its Analyst Support Materials pack from A$137 million to US$91 million. This correction comes after a request for clarification from the ASX concerning peer information and data sources in its financial presentation. The correction and updates are significant as they impact the understanding of the company’s financial health and its competitive position in the industry. BlueScope’s North Star division continues to demonstrate strong margin performance supported by its strategic location and market dynamics.

More about Bluescope Steel Limited

YTD Price Performance: 19.98%

Average Trading Volume: 499

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $7.01B

See more data about BSL stock on TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1