Derichebourg net rises on scrap shipments, tags

Dec 08, 2011 | 01:34 PM | Lisa Gordon

Tags  scrapyard, Derichebourg Group, ferrous scrap, nonferrous scrap, Lisa Gordon

PITTSBURGH — French recycler Derichebourg SA benefited from increased shipments of scrap at higher selling prices, with revenue and net income rising for its fiscal year ended Sept. 30.

The Paris-based company, which operates scrapyards in the southwestern United States and throughout France, reported net income of €96.4 million ($128.5 million), up 56.7 percent from €61.5 million in the previous fiscal....

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