Bingo Industries wants to buy Dial A Dump

Company News

by Rachael Jones

Waste management company Bingo Industries (ASX:BIN) saw net profit for the full year rise 91.6 per cent to $38 million from $19.8 million on the prior corresponding period.

Net revenue is $303.8 million, that’s up 44.5 per cent on financial year 2017.

Pro forma EBITDA was up 46.0 per cent to $93.7 million, ahead of updated guidance of $93 million.

Bingo also announced today that is hoping to buy NSW recycling and waste management company Dial A Dump Industries for $577.5 million.

They have a final dividend 2 cents per share.

Shares in Bingo Industries (ASX:BIN) are on trading halt. Last traded at $2.87.
 

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.