AustralasiaSales revenue was down 10% on the prior corresponding period to $574 million. Statutory EBIT was $13 million in the first half of Fiscal 2013, a decline of 62% on the prior corresponding period. Underlying EBIT was circa $17 million. Results for the first half of Fiscal 2013 in Australasia were impacted by significant items that decreased EBIT by $4 million, which included loss on the completion of a sale in assets of a joint venture, reduction in fair value accounting revaluation on Chiho-Tiande Group derivatives, and redundancies. Scrap intake and shipments for the first half of Fiscal 2013 were 0.9 million tonnes each. Intake was lower by 5% on the prior corresponding period while shipments were 5% higher on the prior corresponding period.
Sims Metal Management Announces Fiscal 2013 Half Year Results
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