| US, Europe flows hurt Sims' scrap intake |
Metalbulletin.com (subscription)Sims Metal Management Ltd. recorded a 25-percent quarter-on-quarter drop in scrap intake and shipments for the three months ended Dec. 31 due to weak scrap flows in North America and Europe, it said. The company expects underlying earnings before ...
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| Sims Metal Management blames US economy for US$614 million write-down |
SteelOrbis (registration)Australia-based metal recycler Sims Metal Management announced Thursday that in its half year earnings there will be a write-down of assets totaling US$614 million before taxes. The write-down can be attributed to the timing and valuation of ...
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| Sluggish US blamed for Sims Metal $614m write-down |
WA todayTHE delayed fallout from the global financial crisis of 2007 and 2008 yesterday hit metals recycler Sims Metal Management, with a $614 million pre-tax asset write-down that will plunge earnings into the red for the December half.
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| Sims to write off $614m in second-half 2011 results |
Metalbulletin.com (subscription)Metal recycler Sims Metal Management will write off $614 million in its half-year results for the period to December 31, 2011, in relation to acquisitions made before the financial crisis of 2008, it said in a statement. “The impairment [$594 million ...
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| Sluggish US blamed for Sims Metal $614m write-down |
Brisbane TimesTHE delayed fallout from the global financial crisis of 2007 and 2008 yesterday hit metals recycler Sims Metal Management, with a $614 million pre-tax asset write-down that will plunge earnings into the red for the December half.
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| Sims Metal drops more than 7pc |
Adelaide NowSource: AdelaideNow RECYCLER Sims Metal Management expects a small boost in its first half underlying earnings despite a writedown. The company's share price dropped by more than 7 per cent yesterday on the news it will take a $614 million charge on ...
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| Sims Metal to take $614m hit in delayed reaction to financial crisis |
The AgeTHE delayed fallout from the 2008 global financial crisis hit metals recycler Sims Metal Management yesterday, when it announced a $614 million pre-tax asset writedown that will plunge earnings into the red for the December half. At the same time, ...
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