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Sims Reports 2020 Half Year Results

18 Feb 2020  |  08:26:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: 1HFY20 Results Release

Sims provided HY 2020 results. It reported that the Company has declared an interim dividend for 1H FY 2020 of 6.0 cps, 100% franked. The Underlying EBIT for North America Metals was break-even in 1H FY 2020 compared to $55.3m in the pcp. The Company's capital allocation strategy will continue to balance the ongoing requirement for distributions to shareholders with the need for business reinvestment to support the Company's strategy.

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