Sims Limited Weathers Market Storms, Eyes Growth

Sims (AU:SGM) has released an update.

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.

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