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21 Jun 2019 | 09:41

Money in muck as waste manager Augean flags better-than-expected performance

Waste management company Augean will outstrip profit expectations this year after a spell of particularly strong trading during the second quarter.

Trading has benefited from higher landfill volumes across most waste types, increased radioactive waste profit and good performance of both the treatment and North Sea businesses.

Consensus forecasts for Augean's 2019 results had been set at £15m of pre-tax profit on £89.2m revenue.

An extra boost from this year's robust business is better cash, with the company saying it now has around £20m on deposit, about 15% of its market cap.

Augean expects to announce interim results for the six months to 30 June 2019 on Wednesday 17 July.

At 9:41am: (LON:AUG) Augean PLC share price was +6p at 125.5p

Story provided by StockMarketWire.com
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