Envirowaste lifts 2015 profit 50% as Mastagard purchase, expanding population drive revenue

Thu, 16 Jun 2016

By Paul McBeth June 16 (BusinessDesk) - Envirowaste Services, New Zealand's second-biggest waste management firm, boosted annual profit 50 percent as its Mastagard acquisition and a growing population helped lift sales. Net profit rose to $8.9 million in calendar 2015 from $5.9 million a year earlier, financial statements lodged with the Companies Office show. Revenue rose 12 percent to $226 million in the year, which chief financial officer Jason Miles said was a combination of the first full year of Mastagard contributing to sales and t...

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