Sims records another major loss in first half

Feb 22, 2013 | 11:58 AM | Lisa Gordon

Tags  Sims Metal Management, metal recycler, Daniel Dienst, 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 world’s 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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