Sims Shares in Focus as AI Business Draws Attention
Sims Ltd faces rising calls to split off its Sims Lifecycle Services unit, which now drives a larger share of group earnings. The stock closed Friday at A$27.50, down 1.4%, with trading paused Monday for the King’s Birthday holiday. SLS revenue surged 69.9% in the latest half as DDR4 memory prices jumped 461.9%, while group statutory net profit after tax showed a loss of A$29.9 million.