Viridor profits rise by 7%

Waste recycling group Viridor, which is active in the North West, has continued to see earnings grow.

Half-year results for the six months to September 30 from its parent, the Pennon Group, show the business recorded a pre-tax profit for the period of £30.6m, up 7%.

Revenue was up nearly 10% at £399.2m, helped by the group's £1.7m aqcuisition of Winsford-based cardboard and plastics recycling business Storm Recycling in July.

It already owns Swinnerton Environmental and Adapt Recycling, both based in Bury.

Viridor's recycling volumes increased by 6% to 913,000 tonnes.

The business, in partnership with John Laing, has the 25-year Greater Manchester Waste PFI contract.

Some 37 of the 42 facilities involved in the contract have now been completed and handed over for operation.

Solid fuel recovered from the waste will be used to generate heat and power at a plant in Runcorn.

Viridor said the first phase of this plant should be finished by 2013. It is also planning a further two anaerobic digestion plants in Greater Manchester.

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