Steel & Tube Holdings Limited (NZX: STU) October 2021 YTD Trading Performance

Thursday 4th November 2021

Steel & Tube Holdings Limited (NZX: STU ) has reported a 14% year on year increase in revenue for the first four months of the financial year to the end of October 2021.

The company has continued to build on the strong financial and operational performance from the last financial year. Revenue for the first four months of the financial year to date has gained significant momentum, more than offsetting the impacts of Covid-19 lockdowns during August and September. All Steel & Tube’s businesses have been fully operational following the move to Level 3 for Auckland from 22 September 2021, with robust Covid-19 protocols in place.

Demand for steel as a sustainable and preferred product remains strong across all sectors and the company has invested in inventory, particularly essential, high demand products.

Steel & Tube CEO Mark Malpass will be presenting at the NZX’s Retail Investor Webinar today (4 November 2021) at 11am. Steel & Tube encourages all interested parties to register to attend this webinar.

Please see the links below for details

October 2021 YTD Trading Performance

NZX Retail Presentation November 2021

Source: Steel & Tube Holdings Limited

Comments from our readers

No comments yet