The steel products company's profit has fallen by more than 50 percent as softer economic conditions led to reduced volumes and lower top line revenue.
The sharemarket is bracing itself for what is looking like one of the worst December earnings seasons on record. Brokers Forsyth Barr expects to see a median.
The building products firm is forecasting pre-tax earnings to fall by half on a year ago but its chief executive expects strong earnings growth will return to previous levels as demand improves.
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