Strong contribution from Properties Group

BlueScope provided an update to the market on expected 1H FY2021 underlying EBIT on 23 October 2020. 

The Company today advises that, owing to the recent completion of a sale of an industrial warehouse property developed by BlueScope Properties Group (BPG) in the United States, a large contribution to 1H FY2021 earnings is expected from BPG – with a further contribution of around $40 million expected to be added to underlying EBIT guidance provided on 23 October. This magnitude of contribution is not expected to be repeated in 2H FY2021. More