Shanks' services in demand
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Rising demand and higher prices for waste management services drove pre-tax profits up 16 per cent at Shanks & McEwan, before exceptionals, to pounds 16.3m for the year to 1 April.
However, the strong showing by waste management was offset by a poor performance from the group's hazardous-chemical treatment business, Rechem, which made an operating loss of pounds 388,000, against a pounds 4.9m profit in the previous year.
Turnover was pounds 114m against pounds 105m last time. There was an exceptional charge for a pounds 1.8m loss on the sale of the company's construction subsidiary.
Michael Averill, group chief executive, said Rechem had suffered from the Government's refusal to permit the import of hazardous waste for treatment in Britain. He said the consequent spare capacity could be utilised if UK rules for the treatment of hazardous waste were brought into line with those of other EU countries.
Earnings per share were 5.9p, up from 4.1p. The total dividend for the year is 3.3p, up from 3.24p. The share price closed 1p down at 95p.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments