Transpacific Industries returns to profit, helped by sale of NZ unit

Tue, 19 Aug 2014

By Suze Metherell Aug. 19 (BusinessDesk) - Transpacific Industries Group, the Queensland-based waste-management company, returned to profit and will resume paying dividends after a six-year pause after using proceeds from asset sales to repay debt. Profit from continuing and discontinued operations was A$28.9 million in the year ended June 30, 2014, turning around a loss of A$200.4 million a year earlier, the company said in a statement. Revenue fell 4.9 percent to A$1.42 billion as sales in its Cleanaway business and industrial segment d...

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