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Company News Summary

Sims Provides HY 2020 Results Presentation

18 Feb 2020  |  08:24:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: 1HFY20 Results Presentation

Sims provided HY 2020 results presentation. It reported Underlying EBIT loss of $23.2m, down $132.8m over pcp. The Net cash is of $151.2m, down 56.5% on 30 June 2019. The 1H FY 2020 interim dividend is of 6.0 cps, fully franked. It won additional municipal recycling contract in Florida with contract terms mitigating commodity risk. To support the community during the devastating bush fires, the Company have offered the use of equipment, paid leave for volunteers and an employee donation matching program.

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