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Company News Summary

Sims Reports FY 2021 Trading Update and Forecast Earnings

19 Apr 2021  |  08:36:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: FY21 Trading Update

Sims announced that it is expecting Underlying EBIT for full year FY 2021 to be between $260m and $310m. The Company continued achievement of annualised predominantly fixed cost savings in excess of $70m in FY 2021 compared to FY 2019. The Company received $6.5m from JobKeeper relating to FY 2020 and $7.5m relating to FY 2021.

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