A new business segment and increased fuel costs are behind a 53% plunge in net income year-on-year at Bahamas Waste Limited (BWL), according to the solid and medical waste collection and disposal company’s third quarter unaudited financial statements.
The company’s core revenue supported a cardboard recycling center it acquired this year, which did not break even during the nine-month period ending 30 September 2009, according to BWL Chief Financial Officer Desa Campbell.

She also said that the company’s fuel costs were up about 30 percent for the year, or around $100,000.
For the nine-month period ended 30 September 2010, sales and services were $5,708,783, down $66,73 ...

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