Feb 20 (Reuters) - Australia's BlueScope Steel on Monday reported a 61% drop in its underlying net profit after
tax for the half-year due to reduced prices for its signature
product steel leading to lower inventories; in addition to
weather and labour constraints.
Underlying net profit after tax for the six-months ended
December fell to A$614.4 million ($421.91 million), as compared
with A$1,573.4 million on the prior corresponding year.
($1 = 1.4562 Australian dollars)
(Reporting by Archishma Iyer in Bengaluru; editing by Diane
Craft)
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