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Article: Atlas floats upwards.
- Article from:
- Australasian Business Intelligence
- Article date:
- July 16, 2003
CopyrightCOPYRIGHT 2003 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Jul 16, 2003 (Food Management News - ABIX via COMTEX)
Atlas Group Holdings made a successful debut on the Australian Stock Exchange in June 2003. The specialty steels processor and distributor raised $A70 million from its initial public offering, giving it an overall market capitalisation of $A90 million. Atlas expects to earn revenue of $A281 million in the year to June 2003, and expects to record EBIT of $A16.7 million. It expects to earn revenue of $A324 million in the year to June 2004. Around 15 per cent of its revenue is currently earned from the supply of steel products to the food and beverage ...
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