SGM 4.99% $10.95 sims metal management limited

News: Sims lifts H1 profit on US-Euro scrap metals

  1. lightbulb Created with Sketch. 1

    Sims Metal Management Limited (ASX:SGM) has pushed its first half net profit to $75 million on strong earnings from its US and European metals and recycling business.
    The metals recycling company says revenue for the six months to the end of December dipped by 5.7 per cent to $3.4 billion.
    CEO Galdino Claro says external conditions are challenging, but they’re offset by disciplined attention to internal processes and earnings drivers.
    Mr Claro says falling iron ore prices have impacted ferrous scrap prices and that this will impact demand but says strategic initiatives for the second half will assist with any headwinds.
    An interim dividend of 16 cents per share, fully franked, has been declared.
watchlist Created with Sketch. Add SGM (ASX) to my watchlist
(20min delay)
Mkt cap $2.094B
Open High Low Value Volume
$10.47 $10.99 $10.46 $12.87M 1.185M

Buyers (Bids)

No. Vol. Price($)
1 25496 $10.93

Sellers (Offers)

Price($) Vol. No.
$10.95 15621 4
Last update - 16.10pm 18/01/2019 (20 minute delay) ?
0.52 ( 5.23 %)
Open High   Low Volume
$10.49 $10.99   $10.49 105502
Last updated 15.59pm 18/01/2019 (live) ?
SGM (ASX) Chart
GET SUPPORT arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.