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.
Toxfree share price: $3.450
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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.
31 December 2012
Toxfree Half Year Results – period ending 31 December 2012
12 December 2012
ASX Announcement Acquisition Absolute Waste – 10-12-2012
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