Financial results show ‘successful’ year for Biffa

Waste management company Biffa’s financial results for 2019/20 have revealed an increase in its underlying operating profits of 10.8 per cent, putting it in a “strong position” to withstand the impacts of the Covid-19 pandemic.

The Biffa Group revealed its underlying operating profits had increased by £8.8 million to £90.5 million, while its underlying profits before tax increased by 12.1 per cent to £71.7 million.

The Group’s net revenue has increased by seven per cent to £1,102.8 million, up from £1,030.8 million in 2018/19. This represents a greater increase in revenue to 2018/19, which saw a growth of 4.4 per cent.