Share Prices & Company Research

Market News

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
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.