MELBOURNE, Feb 17 (Reuters) - OneSteel Ltd, Australia's second-largest steel company, reported a net operating profit of A$215 million ($140 million) and said it saw further weakness in steel market.
Forecasts centred on A$216 million, according to Reuters Estimates.
The company, which makes long steel products such as bars, pipes and rails, forecast full-year net operating profit of A$325-A$375 million.
The result included the Smorgon Steel business it bought in August 2007.
($1=A$1.54)
(Reporting by Miranda Maxwell) Reuters 3000 Xtra clients can now view daily data on how reported Asian company earnings compare with analysts' forecasts, as measured by Reuters Estimates. Double click on Keywords: ONESTEEL/RESULTS (miranda.maxwell@reuters.com; Reuters Messaging: miranda.maxwell.reuters.com@reuters.net; +61-3 9286-1464) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Forecasts centred on A$216 million, according to Reuters Estimates.
The company, which makes long steel products such as bars, pipes and rails, forecast full-year net operating profit of A$325-A$375 million.
The result included the Smorgon Steel business it bought in August 2007.
($1=A$1.54)
(Reporting by Miranda Maxwell) Reuters 3000 Xtra clients can now view daily data on how reported Asian company earnings compare with analysts' forecasts, as measured by Reuters Estimates. Double click on Keywords: ONESTEEL/RESULTS (miranda.maxwell@reuters.com; Reuters Messaging: miranda.maxwell.reuters.com@reuters.net; +61-3 9286-1464) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.