BINGO Industries (ASX:BIN) net revenue was up 50.7%

Company News

by Rachael Jones

BINGO Industries (ASX:BIN) today announced its half year results for the six months ended 31 December 2019 showing net revenue was up 50.7 per cent to $271.2 million.

This includes $22.4 million from gain on sale of Banksmeadow.

Underlying EBITDA was up 67.9 per cent to $78.8 million; including property sales.

Statutory EPS was up 132 per cent from 2.5 cents to 5.8 cents.

The company remains on track to deliver FY20 Underlying EBITDA guidance of $159 million to $164 million.

Shares in BINGO Industries (ASX:BIN) are trading 4.4 per cent higher at $3.34.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.