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Feb. 25 (Reuters) – Australian BlueScope Steel Ltd. announced Monday that its underlying earnings before interest and taxes (EBIT) jumped in the first half, but warned that its second-half results would not match first.
The company reported underlying EBIT up 62 percent to AUD 849.6 million ($ 606.19 million), up from AUD 524.2 million a year ago.
The steelmaker expects a 10% increase in annual EBIT, which would imply an EBIT of about 1.396 billion Australian dollars, which is slightly lower than the forecasts of brokers, who s & # 39; $ 1.44 billion, according to Refinitiv estimates.
$ 1 = $ 1.4015 Australian dollar
Report by Nikhil Kurian Nainan in Bengaluru; Edited by
Cynthia Osterman
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