Oct 21 2010
Ahead of the formal release, on 27 October 2010, of its financial results for the three months ended 30 September 2010, Sims Metal Management (ASX:SGM)(NYSE:SMS) has announced the headline numbers for that period.
-Sales revenue of $1.88 billion up 4 percent on prior corresponding period
-EBITDA of $51.2 million down 44 percent on prior corresponding period
-EBIT of $16.7 million down 69 percent on prior corresponding period
-Net profit after taxes of $8.2 million down 75 percent on prior corresponding period
-Basic earnings per share of 4.0 cents down 78 percent on prior corresponding period
-Scrap intake 3.4 million tonnes and shipments 2.9 million tonnes, down 6% and 14% respectively on prior corresponding period
-Scrap flows and margins remain constrained, particularly in North America
Further details will be provided in the Company's formal release and at its Results Briefing Conference Call on 27 October 2010.
Source: Sims Metal Management