Business
People will return to offices says Cleanaway boss – The Australian Financial Review
The CEO of Australia’s biggest rubbish company says the work-from-home trend isn’t likely to be permanent but his group will benefit either way.
Cleanaway shares climbed by 8 per cent on Wednesday to $2.42 in late trade on Wednesday after a solid full-year result where the group’s profit margins were ahead of analysts’ expectations.
Revenue rose 2.1 per cent to $2.33 billion, while net profit fell 6.6 per cent to $113 million. The company lifted its final dividend to 2.1¢ from 1.9¢ and will pay it on October 6.
Goldman Sachs analyst Alex Karpas said it was a solid result ”reflecting the resilient nature of core waste markets”. He has…
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