ASX:BSLMetals and Mining
BlueScope Steel (ASX:BSL) Shares Trail A Profit Rebound And 4.8% Margin Reset
BlueScope Steel walked into this result with the stock drifting over the past week and month, yet the business just printed an earnings profile that looks far more resilient than the share price suggests. The stock closed at A$31.50, with the 7 day return down about 9.8%, while underlying net profit after tax landed just over A$800m and underlying earnings before interest and tax reached A$1.27b.
The real headline is profit quality. Net profit margin sits at 4.8% over the last year, a sharp...