Sims records another major loss in first half
Feb 22, 2013 | 11:58 AM
| Lisa Gordon
PITTSBURGH Sims Metal Management Ltd. said it is working on cost cutting and business building strategies in the wake of another major loss.
The worlds largest metal recycler posted a net loss of Australian $295.5 million ($304.58 million) for its fiscal first half ended Dec. 31, down from a A$633.2-million loss in the same period a year earlier, on revenue that fell 25.2 percent to A$3.43 billion ($3.53 billion) from A$4.58 billion. ....
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