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The latest update is out from Sims ( (AU:SGM) ).
Sims Limited reported a 4% increase in sales revenue for the half year ended December 2024, reaching A$3,645.5 million. However, net profit attributable to members fell by 68.6% to A$30.8 million, primarily due to a significant gain on asset sales in the prior period. Despite this, the underlying net profit after tax (NPAT) saw a substantial increase of 401.4% to A$35.1 million. The company also announced a 100% franked interim dividend of 10.0 cents per security. During the period, Sims Limited gained control of Resource Renewal Inc in the United States and lost control of Sims Group UK Limited.
More about Sims
Sims Limited operates in the recycling industry, focusing on metal and electronics recycling services. The company is known for its efforts in sustainability and resource renewal, with a market presence in various countries, including the United Kingdom and the United States.
YTD Price Performance: 16.98%
Average Trading Volume: 1,297
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.72B
For a thorough assessment of SGM stock, go to TipRanks’ Stock Analysis page.