News - Media Release Final Results 2012

Bisalloy Profit increases 129% in Challenging Market

  • NPAT of $6.8m - up 129% - despite challenging markets  in Australia and regionally
  • EBITDA (before CJV contribution) for the full year of $12.1m – up 58%  
  • Debt reduced from $15.8m at June 2011 to $12.3m at June 2012
  • Proposed reintroduction of dividends in FY2013
  • Well placed for continued earnings growth in FY2013
  • Chinese  Joint Venture  on track and provides  significant  profit opportunities in FY2013 and beyond

Bisalloy Steel Group Limited (ASX:BIS) (Bisalloy or the Group) today reported net profit after tax (NPAT) of  $6.8m  (FY2011:  $3.0m).  EBITDA before  a contribution from the Chinese Joint Venture (CJV) was $12.1m,  representing earnings growth of 58%. The CJV generated a  total
operating profit before tax of $1.2m as its market development commenced in the second half of FY2012, and this resulted in a net contribution to the Group profit after tax of $0.4m. 

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