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Union Steel reports lower earnings for 1HFY2025 of $6.1 mil

Nicole Lim
Nicole Lim • 2 min read
Union Steel reports lower earnings for 1HFY2025 of $6.1 mil
Revenue rose marginally due to stronger performance in metals and engineering segments, but gross profit declined from lower contributions from scaffolding segment. Photo: Unsplash
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Union Steel has reported lower earnings of $6.1 million for the 1HFY2025 ended Dec 31, 2024, compared to the $7.04 million declared in the same period a year before. 

Earnings per share came in lower at 5.15 cents for the reporting period, compared to the 5.96 cents in the same period a year before. 

Revenue for the 1HFY2025 rose marginally to $58.6 million from $53.5 million a year ago. The group says that this growth was driven primarily by a stronger performance in the metals and engineering segments, partially offset by a lower contribution from the scaffolding segment.

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