Bloomberg News

OneSteel Sees First-Half Net Profit A$55 Mln-A$75 Mln Ex Costs

November 02, 2011

Nov. 2 (Bloomberg) -- OneSteel Ltd. said it revised down its earnings expectations for November and December, and now expects net profit after tax for the first half will be in the range of A$55 million to A$75 million, excluding transaction costs and stamp duty in relation to the acquisition of WPG Resources’ iron ore assets.

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