Profits rise as British Steel continues turnaround
British Steel has reported a profit of £21m EBITDA in the first quarter of the current financial year and announced the biggest single investment in its manufacturing operations for a decade.
In its second annual trading update since buying the business, Scunthorpe-based British Steel said its turnaround remained firmly on track as its annual turnover rose to £1.4bn in FY18, a rise from £1.2bn in FY17.
EBITDA stood at £68m for FY18, up from £47m in FY17. British Steel said this year's profits were impacted by a £47m one... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
