Acquisitions, economic growth drive sales at Beijing Capital's Waste Management NZ
By Jonathan Underhill
July 12 (BusinessDesk) - Waste Management, New Zealand's biggest waste collection and recycling company, lifted sales by 2.3 percent in 2016 through a combination of acquisitions and increased demand and says it is enjoying another year of growth.
Sales rose to $455 million in calendar 2016 from $444.8 million a year earlier, the Auckland-based company's annual accounts show. Profit fell to $11.5 million from $13.9 million as financing costs rose and the company spent more on wages, vehicle and plant operations.
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