StockMarketWire.com - Waste management group Biffa said trading for the full year through March was expected to be in line with its expectations.

However, the company also said it expected more headwinds in its resource recovery and treatment division following recent changes to Chinese regulations for the import of recycled commodities.

'In the near term we expect these headwinds to persist, impacting divisional performance,' Biffa said.

'Nevertheless, Biffa remains strongly positioned over the medium and long term due to its investment in recycling operations and focus on high quality products.'

The company said it continued to deliver 'solid' organic and acquisitive revenue growth across the group.

Underlying Ebitda and underlying operating profit growth were both driven by operational performance and cost control, it added.

The industrial and commercial division continued to deliver good growth, while trading in the municipal division remained 'satisfactory' in competitive market conditions, Biffa said. At 2:40pm: [LON:BIFF] Biffa Plc share price was -27.25p at 220.25p



Story provided by StockMarketWire.com