Cleanaway 2016 Result Ahead Of Our Estimates On Strong Cost-Out; Lifting FVE To AUD 0.90
Cleanaway announced 2016 full-year net profit after tax, or NPAT, of AUD 44.8 million, which compared with a loss of AUD 23.6 million in 2015. Like-for-like NPAT (excluding AUD 18.5 million of restructuring charges) increased 38.5% to AUD 63.3 million, which was 15% ahead of our estimates and consensus forecasts. EPS of AUD 0.04 increased 37.9%, while a final dividend of AUD 0.009 (fully franked) brought full-year dividends to AUD 0.017 (up 13%). Highlights of the result included very strong cos...Cleanaway Waste Management is focused on the following segments: Solids, which comprises the collection, treatment, recycle and disposal of all types of solid waste streams, including general waste, recyclables, construction and demolition waste and medical and washroom services; as well as Liquids and Industrial Services, which comprises the collection, treatment, processing and recycling of liquid and hazardous waste, including industrial waste, grease trap waste, oily waters and used mineral and cooking oils in packaged and bulk forms for resale, disposal and to produce fuel oils and base oils, as well as services including industrial cleaning, vacuum tanker loading, site remediation.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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