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Sims Metal Management posts millions in losses for the 2011/12 fiscal year

Revenues from e-waste recycling hit AUD1bn mark for the first time

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(WW) – Sims Metal Management has closed its 2011/12 financial year with a triple-digit million loss, consistent with earnings warnings issued by the international scrap recycling group earlier this year. While turnover increased 2 per cent compared with the year before to AUD9.042bn (ca. €7.8bn) in spite of more ...

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