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An announcement from Sims ( (AU:SGM) ) is now available.
Sims Limited reported a significant increase in its underlying EBIT for the first half of fiscal 2025, reaching $73.0 million, which is 184% higher than the previous year. This improvement was largely driven by strategic initiatives in North America and growth in Sims Lifecycle Services, despite challenging market conditions and lower ferrous prices. The company emphasized disciplined cost control and strategic positioning to capitalize on market shifts, aiming to maintain a strong balance sheet and seize growth opportunities.
More about Sims
Sims Limited operates in the metal recycling and repurposed technology infrastructure industry. The company focuses on recycling metals and providing lifecycle services for technology infrastructure, with a strong emphasis on regionalization and supply chain reliability.
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.