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Article: Profits up 53% at B.U.S
- Article from:
- Haznews
- Article date:
- March 1, 1997
CopyrightCOPYRIGHT 1997 Profitastral Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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B.U.S Berzelius Umwelt-Service, the German multinational metal residues recycling and recovery group, reported a 53.2% increase in consolidated profits after tax to DM24.45 million ($16.3 million) for the year ended 30th September, 1996 (see HAZNEWS, January 1997, p. 6). The group's consolidated turnover rose 37.5% to DM336.17 million, compared with DM224.40 million ($156.6 million) in 1994/95, according to B.U.S' 1995/96 annual report. B.U.S expects continued growth in turnover in 1996/97 to DM370 million ($225.7 million), and an "above average" increase in profits after tax of about 20% to DM29 million. "Turnover is slightly above the level forecast" for the first few ...