Underlying Ebit from Sim’s UK scrap recycling operations plunges in first half of fiscal 2019

Uncertainty, lower NF and recovered paper prices weigh on earnings in the US

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(WW) – Following a financial half that CEO Alistair Field described as "challenging for all recycling companies globally", Sims Metal Management reports a decrease in underlying earnings before interest and tax. Underlying Ebit was down by over 12 per cent to AUD110m (€69m) compared to the prior-year period, ...

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