Shanks records growth in revenues and results


The British waste company Shanks Group plc raised revenues from continuing operations by 5 per cent to £750m (ca. €933m) in its financial year 2011/12 ended 31 March. The profit for the year reached £26.8m (ca. €33m), which represents a 22 per cent improvement compared with the year before, according to the group's preliminary results published on Thursday.

Chief executive Peter Dilnot described the company's performance as "robust" amid challenging markets. He reported that earnings growth had been driven mainly by increasing returns from the company's strategic investment programme and "focused management action to streamline operations". Difficult trading conditions in solid waste activities in the Benelux region were offset by strong performance from the group's UK, organic waste and hazardous waste operations, Mr Dilnot added.

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