Some little time has passed but ..Not all waste gets incinerated and hence STP was not previously transporting all its Victorian waste to Sydney anyway (one US company incinerates only about 12% of its total waste - I don’t know what STP’s ratio is). If you look at STP’s full year result, revenues are up 8.4% and treatment and transport costs were only up 3.6%. Maybe it’s due to the new incinerator or maybe other operating efficiencies. Also, for larger incinerators like STP’s in Victoria to be cost effective, they have to run at capacity and that is why I guess STP is targeting pharmaceutical returns, sensitive document destruction and quarantine waste (which are all incinerated) to boost it’s capacity. I won’t babble on but I hope this helps.
STP Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
