The Group’s principal activity during the year remained the international trading and distribution of steel and steel making raw materials.
2023 Highlights:
- Sourced and delivered 2.8mt (2022: 2.4mt) of steel and raw materials, via maintained and newly developed trade flows
- Total revenue of US$2.0bn (2022: US$2.4bn) impacted by:
- Price reductions across markets generally, and
- o Higher proportion of raw material shipments
- Gross Profit of US$113m (2022: US$116m)
- EBITDA(1) of US$51m (2022: US$48m)
- Profit before tax and exceptional items of US$32.5m (2022: US$31.5m)
- Net assets increased to US$208m
The Group’s Annual Report and Financial Statements for the year to 31 December 2023 can be seen here.
Footnote 1: Operating profit before exceptional items, depreciation and amortisation.