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Stock market Picks : Toxfree

 

A 33 % jump in net profit definitely signifies  a positive outlook for a company and tox free ( waste management and industrial solutions ) should be happy in the direction  they are going.

Toxfree Solutions Ltd (Toxfree) is  a integrated waste management and industrial service provider,  who provides sustainable waste management solutions for all types of waste including commercial, household, industrial, construction and hazardous waste..

“Tox free” has reported a jump in profit of $10.5 million for the first half of the financial year and its shareholders  are pleased with the results.

tox free solutions waste management

Website:www.toxfree.com.au

Toxfree share price:  $3.450
(Updates every 20 minutes)
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Tox free is a WA owned company and it revenue has risen to 43 percent  to 131.6 million with earnings  before interest, tax ,depreciation and amortisation up 39 % to 28 million

They have over 30 facilities nationally and employing a team of over 800 people and service over 20,000 customers nationally

Tox free has also been lucky with expansion into  the coal seam gas industry in Queensland  as a result of its acquisition  of Absolute Liquid Waste services  earlier which is based in towoomba, which has also added to its rapid growth.

The company has performed very well this year and is in great shape to extend its winning run of earnings growth into the current financial year.

Links

31 December 2012
Toxfree Half Year Results – period ending 31 December 2012

12 December 2012
ASX Announcement Acquisition Absolute Waste – 10-12-2012

http://www.asx.com.au/smalltomidcaps/asx.pdf

More midcap stocks and penny stock picks can be found at  australianpennystocks.com

Liability disclaimer : Advice received via the Australian business times web Site should not be relied upon for personal, medical, legal or financial decisions and you should consult an appropriate professional for specific advice tailored to your situation.

 
Stock market Picks : Toxfree  

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I am not myself in any degree ashamed of having changed my opinions. Be the change that you wish to see in the world and contribute your 2 cents to us , just like i did .I write articles as my hobby and interest ..how about you :)

 
 

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