DGL Group almost triples profit, spends A$26m on four new acquisitions

DGL Group almost triples profit, spends A$26m on four new acquisitions
The company makes, moves, and stores chemicals as well as other types of hazardous waste. (Photo: DGL Group)
Dan Brunskill
DGL Group lifted revenue 88% in the year ended June as it took advantage of increased demand for onshore supplies of chemicals while global freight networks were disrupted.The company – which makes, moves, and stores chemicals – said the result was well ahead of its prospectus forecast and roughly in line with its April earnings guidance. Sales revenue rose to A$369.8 million (NZ$413.3), underlying earnings before interest, tax, depreciation and amortisation (Ebitda) was up 133% at A$65.6m, while underlying net profit almost tr...

More Markets

NZ sharemarket rises with gentailers leading
Markets Market close

NZ sharemarket rises with gentailers leading

Electricity gentailers pumped energy into the NZX.

Steven Joyce to chair NZME
Markets

Steven Joyce to chair NZME

Tech expert Bowen Pan will also join, later on. 

NZME set to take on Trade Me for car sales
Markets

NZME set to take on Trade Me for car sales

Publicly listed NZME, owner of the NZ Herald and BusinessDesk, says it is exploring a new automotive digital classifieds platform, in a clear bid to take on Trade Me.Seeking to emulate the success of its property platform OneRoof, NZME said on Friday it had signed a memorandum of...

Bremworth getting back into synthetics
Primary Sector

Bremworth getting back into synthetics

Albeit in a small, but carefully curated, number of products.