Sims Sees Further Cost Reduction Measures For 2h Fy23
T-Reuters
2022/11/08
Sims :Trading Update-I8M.F.Further Cost Reduction Measures Are Targeted For 2H Fy23.Continues To Be Cautious In Short-Term Outlook.Continues To Be Cautious In Short-Term Outlook.Underlying Ebit For 1H Fy23 Is Forecast To Be In Range Of A$65 Million To A$75 Million.Forecast Fy23 Sustaining Capex Of A$170 Million, A$50 Million Lower Than Previous Forecast Of A$220 Million.Company Remains Well Positioned For When Market Recovers.