bisalloy steel group ltd (BIS) Snapshot

Bisalloy Steel Group Limited provided earnings guidance for the fiscal year 2013. For the year, the company expects earnings before interest, tax and Depreciation for the fiscal year 2013, will be in the range of $8.0 million to $8.5 million, compared to $12.4 million in fiscal year 2012.

The Board of Bisalloy Steel Group Limited reaffirmed their intention to re-introduce dividends for the year 2013, which based on a policy of distributing at least 50% of net profit after tax as fully franked dividends, would amount to a dividend of around 4 cents per share on current forecast.

Bisalloy Steel Group Limited reported earnings results for the six months ended December 31, 2012. For the period, the company's revenue was AUD 45.4 million compared with AUD 50.2 million a year ago. EBITDA was AUD 5.4 million compared with AUD 5.6 million a year ago. Profit after tax was AUD 3.0 million compared with AUD 2.9 million a year ago. Profit attributable to members was AUD 2.8 million or 6.4 cents per diluted share compared with AUD 2.7 million or 6.0 cents per diluted share a year ago. Debt increased from AUD 12.3 million at June 2012 to AUD 14.6 million at December on short term lift in working capital. The Board currently expected Group net debt to be below AUD 10 million at June 30, 2013.