Monday, March 11, 2013

Fraud, lower scrap generation reduces revenue for Sims

Sims Metal Management Ltd. reported fiscal half-year revenues of $3.49 billion (3.4 billion Australian dollars) and a net loss after tax of $303.4 million, or $1.48 per diluted share, amid inventory valuation issues and allegations of fraud at its U.K.

URL: http://wasteandrecyclingnews.com/article/20130311/NEWS04/130309921

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