Vulcan an Australasian-wide industrial product distributor and value-added processorannounced today the company’s financial performance for the six months ended 31 December2022 (1H FY23).
Adjusted EBITDA was NZ$115 million (m), down 3% from NZ$118m in 1H FY22
Adjusted NPAT NZ$54m, down 22% from NZ$70m in 1H FY22
Reported EBITDA was NZ$115m, up 12% from NZ$102m in 1H FY22
Reported NPAT of NZ$54m, in line with the level recorded in 1H FY22
Revenue of NZ$638m, up 38% from NZ$463m in 1H FY22
If STU presents an average result n same outlook like Vulcan....then SP will follow the downhill
So far two construction / building materials company have enlightened market with current situation and both have tanked ...Will STU buck that trend ? Tmrw will know but not looking good ....
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