Sims (AU:SGM) has released an update.
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Sims Limited reports a 6.2% increase in FY24 sales revenue to $8,562.7 million, despite a challenging market impacting the metal business and leading to significant declines in EBIT, NPAT, and dividends. A revised strategy helped achieve a profitable fourth quarter in North America and strong performance from Sims Lifecycle Services, positioning the company to leverage market opportunities and support decarbonisation and energy transition efforts.
For further insights into AU:SGM stock, check out TipRanks’ Stock Analysis page.
