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14 Jul
14:36

Bluescope's new guidance suggests improved full year earnings

Australian steelmaker Bluescope has given guidance on its earnings for the financial year ended 30 June 2016. It expects underlying earnings before interest and tax in the second half to significantly exceed previous guidance, the company says in a note seen by Kallanish. Bluescope says that its preliminary unaudited underlying Ebit for the year ended 30 June 2016 is expected to be around AUD 570 million ($435m). Underlying Ebit in the second half is expected to…
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