Sims Metal Management Announces Fiscal 2010 Half Year Results.

Extract


Sims Metal Management Announces Fiscal 2010 Half Year Results.

CHICAGO & SYDNEY -- Sims Metal Management (ASX: SGM)(NYSE: SMS):

Highlights (Unaudited and in Australian Dollars)

* Sales revenue of $3.4 billion

* EBITDA of $136.0 million

* EBIT of $62.1 million

* Net income of $39.9 million

* Diluted earnings per share of 21.2 cents

* No borrowings under lines of credit and a cash position of $225 million as of 31 December 2009

* Interim dividend per share of 10 cents (100 percent franked)

Financial Results for the Half Year Ended 31 December 2009

Sims Metal Management today announced revenue of $3.4 billion and a net profit after tax ...

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