Arab Today, arab today australia\s bluescope steel posts 1 bln loss
Last Updated : GMT 21:25:08
Arab Today, arab today
Arab Today, arab today

Australia\'s BlueScope Steel posts $1 bln loss

Arab Today, arab today

Arab Today, arab today Australia\'s BlueScope Steel posts $1 bln loss

Sydney - AFP

Australia\'s struggling BlueScope Steel Monday reported a Aus$1.04 billion (US$1.09 billion) net loss for the 2012 fiscal year, but said it was now well-positioned globally for growth. The figure, taking in a Aus$315 million charge mostly in writedowns on goodwill, follows a Aus$1.05 billion full year loss for 2011 which prompted the company to cut more than 1,000 jobs and shut down its Australian export business. \"Financial year 2012 was a transforming year, we delivered what we promised,\" BlueScope chief executive Paul O\'Malley said, referring to the 12 months ending June 30. O\'Malley said net debt was lower than forecast and the firm\'s Australian businesses were expected to post positive earnings in 2013, while globally the company was well-positioned for growth. BlueScope this month announced a US$1.36 billion joint venture with Japan\'s Nippon Steel aimed at capturing growth in new market segments and easing concerns over its balance sheet, hard hit by the high Australian dollar. The 50-50 joint venture, NS BlueScope Coated Products, will see Nippon Steel acquire half of BlueScope\'s interest in its Southeast Asian and North American building products businesses. For the current financial year, BlueScope expects total capital expenditure for the group to be about Aus$300 million, with one third to be invested in growth projects, O\'Malley said. BlueScope has operations in Australia and New Zealand, Asia and the Pacific as well as in the United States.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today australia\s bluescope steel posts 1 bln loss Arab Today, arab today australia\s bluescope steel posts 1 bln loss

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today australia\s bluescope steel posts 1 bln loss Arab Today, arab today australia\s bluescope steel posts 1 bln loss

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday