News: Tox Free jumps on stronger H1 earnings

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Shares in Tox Free Solutions Limited (ASX:TOX) have jumped in morning trade after boosting its earnings expectations for the first half of the 2015 financial year. 

 

The integrated waste management company now expects to deliver underlying EBITDA of about $37 million, up from a prior forecast of between $32 million and $34 million. 

 

Tox Free says the updated earnings follow stronger than expected trade in November and December 2014. 

 

A full year outlook is expected to be released with the company’s audited interim results February 24, 2015.   

 

Tox Free Solution reported a net profit of $21.72 million in 2014 financial year.