ASX-listed Sims tops benchmark on beating previous EBIT guidance

Sims

14/02/2023 01:14

** Shares of Sims Ltd  SG.AX  soar as much as 8.7% to
A$15.95, seeing their best day in a year - if gains hold
    ** Co emerges as the top gainer on the benchmark
    ** The metals and electronics recycling firm reports an
underlying earnings before interest and tax for half-year of
A$93.3 million ($64.98 million), beating a previous guidance of
between A$65 million and A$75 million
    ** HY EBIT also exceeds analyst expectations, but still down
74.2% on a year-on-year basis  
    ** Reports HY net profit attributable of A$101 million, down
60.1% on prior corresponding period; announces interim dividend
of 14 AU cents per share 
    ** Adds it expects 2H FY23 operating costs to remain broadly
in line with 1H FY23 
    ** Shares hit highest since Aug 26 
    ** Stock has risen 12.5% this year as of last close
($1 = 1.4358 Australian dollars)
 (Reporting by Archishma Iyer in Bengaluru)
 ((Archishma.Iyer@thomsonreuters.com;))