25 Feb 2010

Waste company profit down

6:18 am on 25 February 2010

Transpacific Industries says operating conditions have been mixed in the last six months.

Profit from operating activities for the Australasian waste company was $32.5 million in the six months to December - down 65% on the same period a year earlier.

Revenue from continuing operations fell 16% to $998 million.

While its municipal business performed well, and commodity prices improved, the company says markets remain subdued - particularly for commercial vehicles, manufacturing, construction and demolition and liquid waste.