Sims Metal to quadruple earnings

Metal recycler reveals plans to get back on track after disappointing results.

Metal recycler Sims Metal Management (SGM) has unveiled plans to more than quadruple its earnings within five years as it works to get back on track after a string of disappointing results.

Investors cheered the news, sending Sims shares 4.19% higher to $10.69 at 10.36am (AEST), against a benchmark index lift of 0.55%. 

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