Hills Holdings falls on FY loss

Group says huge writedowns weighed on result, a day after sale of steel business.

Hills Holdings (HIL) says its divestment plan is on track and believes it will see organic growth opportunities in its technology and communications segments in the coming year.

Reporting a day after it disclosed it would sell its Orrcon and Fielders steel businesses to Bluescope for $87.5 million, Hills posted a $94 million loss for the full year, sending its share price down 4.2% to $1.38 at 1057 AEST. 

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles