Sims Metal Management Ltd
(ASX:SGM) has narrowed its net loss in the six months to December 31, despite falling revenue.
Sims posted a net loss of $295.5 million, more than halving last year's loss.
Sims stopped short of declaring a dividend.
The result announcement marks CEO Daniel Diensts' last with the company. He will stand down on June 30.
Sims Metal shares lost 1 per cent yesterday, to close at $10.67.
