BlueScope Steel Returns to Profit

Submitted by Share Trading on 16 August, 2010 - 11:40

Australia's largest steel maker, BlueScope Steel (ASX:BSL) have returned to profit and have resumed paying out dividends. BSL has posted a net profit of $126 million for FY2010 ending June30, compared to a net loss of $66 million for the previous corresponding period. BSL was one of the low performing stocks last week.

BlueScope Steel Dividends

BlueScope Steel have declared a dividend of 5 cents per share (CPS), fully franked. BSL did not have a dividend last year and the first dividend since the December 2008 half year interim.

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