Sims Metal Management Limited (SMS: Quote) reported that its fiscal 2012 net loss after tax, on a statutory basis, was A$521 million, or 253.3 cents per share, compared to net income of A$192 million or 93.3 cents per share in fiscal 2011.
Underlying net income after tax for the year was A$77 million, a decrease of 58 percent from A$182 million last year. Underlying earnings per share was 37.0 cents, a decrease of 58 percent on the prior corresponding period.
Revenue for fiscal 2012 was A$9.04 billion, up from A$8.85 billion in last year.
The company said it has determined that a final dividend of 10 cents per share (unfranked) will be paid on 19 October 2012 to shareholders on the Company's register at the record date of 5 October 2012. The total dividends for all of Fiscal 2012 represent a payout ratio of circa 56 percent of net profit before non-cash goodwill impairment charges. The Company's Dividend Reinvestment Plan remains suspended.
Click here to receive FREE breaking news email alerts for Sims Group and others in your portfolio
by RTT Staff Writer
For comments and feedback: editorial@rttnews.com
Business News