Australia’s Alloy Steel International increased its sales by 43pc in the first nine months of FY2021 (period ending September 30, 2021), compared to the same timeframe in 2020.
The Australian company’s accumulated sales for the first three quarters of this fiscal were $25.1mn, up from $17.6mn in the same period a year ago.
As for Q3 2021, ended June 30, the Australian company’s sales grew 72pc, to $8.4mn from $4.8mn between April and June 2020.
Alloy Steel’s gross profit grew 40pc in the October 2020-June 2021 period, to $10.2mn from $7.2mn in the first three quarters of the fiscal year 2020.
For the third quarter of FY2021, the Australian steelmaker’s gross profit jumped 76pc, to $3.2mn from the $1.8mn reported in Q3 FY2020.