Sims Metal Management Limited (ASX:SGM) has reported a statutory net loss of $89 million in fiscal 2014 while improving its earnings figures.
The metals recycling company’s net loss figure was an improvement on the previous year citing lower earnings from e-recycling businesses in the UK and North America as contributing to the loss.
Underlying earnings for the year were up 27 per cent to $240 million.
CEO Galdino Claro says that while results in the year so far are on track, conditions in the near-term will remain constrained.
A final dividend of $0.10 fully franked has been declared.
