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Tuesday 24 May 2016 by Company updates

BlueScope upgrades half year earnings guidance by 29%

THIS CONTENT IS SUITABLE FOR WHOLESALE INVESTORS ONLY

BlueScope expects significantly improved earnings for the half year to 30 June 2016

BlueScope has announced that it expects half year earnings before interest and tax (EBIT) to 30 June 2016 of $270m. This is up 29% from the previous guidance provided in February and reflects improved steel prices as well as earlier than expected targeted cost reductions. A link to the announcement is available here External link - opens in a new window .

BlueScope’s 2021 US dollar bond saw a moderate rally on the news, with bonds currently offered at an indicative yield to maturity of 5.37%.

Please contact your FIIG representative for further details on the BlueScope bonds. Available to wholesale investors only.

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