Sims Limited: Revenue Up, Profits Down

Sims (AU:SGM) has released an update.

Sims Limited reports an 8.4% increase in sales revenue, reaching A$7,195.4 million for the year ended 30 June 2024, despite a net loss of 131.9%, marking a drop to A$(57.8) million from the previous year’s A$181.1 million profit. The company announces a 100% franked dividend of 10 cents per security, with a notable decrease in net tangible assets per security from 12.99 cents to 11.70 cents.

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