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The latest announcement is out from Vulcan Steel Ltd. ( (AU:VSL) ).
Vulcan Steel Limited reported a challenging first half for FY25, with significant declines in both EBITDA and NPAT, attributed to difficult economic conditions in Australia and New Zealand. Despite these challenges, the company managed a 10% return on capital employed and decreased its net bank debt by NZ$34.3 million. The expansion of hybrid sites in Australia is expected to benefit financial performance over time, and while market conditions remain tough, signs of stabilization and recovery are emerging. The outlook for Vulcan includes anticipated improvement in market volumes in New Zealand and steady performance in Australia’s Metals segment.
More about Vulcan Steel Ltd.
Vulcan Steel Limited is an Australasia-wide industrial product distributor and value-added processor, operating 66 logistics and processing facilities with approximately 1,300 employees. The company operates in the Steel and Metals divisions, catering to markets across Australia and New Zealand.
YTD Price Performance: 4.74%
Average Trading Volume: 38,113
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$931.7M
See more data about VSL stock on TipRanks’ Stock Analysis page.