Business
The Bingo (ASX:BIN) share price is up 8% today, 38% in 6 months
Bingo Industries Ltd (ASX: BIN) shares have risen by nearly 8% today amid a broader rise in the ASX, despite no news coming out of the waste management company. Over the last six months, the Bingo share price has also climbed by a healthy 37.6%. This was underpinned by strong net profit results in FY20, which rose by almost 200% on FY19’s numbers.
Here’s a quick rundown on Bingo Industries.
What happened in 2020?
Despite admitting that its business was disrupted by the COVID-19 outbreak, the company still posted healthy full-year results for FY20 in August last year.
Bingo reported a 21% increase in revenue of $486.7 million in FY20, and net profit after tax (NPAT) of $66 million, up by 196%.
Importantly, Bingo reported an…
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