NEW YORK and SYDNEY, Australia, Feb. 21, 2013 (GLOBE NEWSWIRE) -- Sims Metal Management Limited (NYSE:SMS) and (ASX:SGM) (the "Company") today announced revenue of $3.4 billion and a net loss after tax, on a statutory basis, of $295.5 million, representing a loss of 144.5 cents per diluted share, for the half year ended 31 December 2012. Net profit after tax (NPAT) in the first half of Fiscal 2013, on an underlying basis, was $10 million. See the Reconciliation of Statutory Results to Underlying Results for Half Years Ended 31 December 2012 and 31 December 2011 attached herein for more information. The primary differences between the statutory and underlying results is accounted for by goodwill impairment and inventory write-downs taken to account in the first half of Fiscal 2013, among other significant items.
Sims Metal Management Announces Fiscal 2013 Half Year Results
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