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Article: SITA profits hit by charges.
- Article from:
- Haznews
- Article date:
- April 1, 1999
CopyrightCOPYRIGHT 1999 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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The French multinational waste management group, SITA, reported an operating income of FF1,407 million ($238.6 million) which was some 84.2% up on the previous year. After tax and exceptional items, SITA reported an increase in consolidated group net income of 1.7% to FF303 million for the year ended 31st December, 1998. The group's 1998 consolidated turnover was FF17,350.70 million, an increase of 59.4% from 1997, following the first consolidation of the businesses acquired from Browning-Ferris Industries Inc. (BFI) and the full consolidation of Brazilian firm Vega Engenharia Ambiental (see HAZNEWS, March 1999, p. 3). However, earnings per share were down by 34.4% to ...