Waste Management rode NZ's economic growth in 2017, lifting sales; recycling became more tenuous

Wed, 16 May 2018

By Jonathan Underhill May 16 (BusinessDesk) - Waste Management, New Zealand's biggest waste collection and recycling company, drove up sales and profit last year as economic growth underpinned volumes of industrial and construction sector waste and it added landfill capacity. Profit rose to $24.8 million in calendar 2017 from $11.5 million a year earlier, according to the company's annual report. Net profit was helped by a reduction in financing costs while operating earnings rose 6.2 percent to $129.6 million, driven by a 6 percent gain...

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