Vulcan Steel Ltd. (AU:VSL) has released an update.
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Vulcan Steel Limited reports a challenging fiscal year 2024, with a 55% decline in net profit after tax to NZ$40 million and a 29% decrease in EBITDA to NZ$148 million, despite a 16% increase in operating cashflow. The company cites high interest rates, inflation, and increased borrowing costs as key challenges but notes a 4% growth in customer accounts and a reduction in net debt as positive signs. Vulcan maintains a cautious outlook for FY25, expecting continued low activity levels, yet remains committed to sales discipline and cost management.
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