Sims predicts AUD521m loss for fiscal year 2012

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(AUS, USA) - Global scrap recycling group Sims Metal Management anticipates a net loss after tax of around AUD521m (ca. €437m) for the financial year ended 30 June. In a market update based on preliminary figures published last week, Sims attributed the loss to a non-cash goodwill impairment of AUD594m which it took ...

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