BINGO Industries Reports 196% Growth in NPAT For FY2020

BINGO Industries Limited (ASX:BIN) has delivered solid FY2020 results for the period ended 30 June 2020 with 196% growth in Statutory NPAT to A$66 million, growth in underlying revenue by 21% to A$486.7 million and underlying EBITDA by 41% to $152.1 million. The company declared a dividend of 3.70 cents per share.

The company reported an improved year-on-year safety performance with LTIFR of 0.4 which was 0.8 in FY2019. Significant progress was made on sustainability initiatives involving responsible sourcing program.

Bingo in FY2020 maintained its balance sheet strength with strong capital management plus cash conversion of 106.9% and underlying operating free cash flow up 37.4% to A$160.1 million.

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