Augean cleans up after posting profits

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Augean cleans up after posting profits

AIM-listed waste disposal specialist Augean (LON:AUG) has seen its share price climb by 8.15% to 219p (as of 15:00 GMT) after it booked a pre-tax profit for the year ended 31st December. Adjusted revenues before landfall taxes were down by 16% largely due to declines in the North Sea services segment.

Executive Chairman Jim Meredith commented: “I am incredibly proud of our employees hard work and dedication during a year where everyone had to go beyond their normal duties so that the Group could deliver critical national services through a period of crisis. This was achieved whilst maintaining Group profitability, clearly demonstrating the Group’s resilience during this period. Moreover services were delivered with improved safety across our sites. I look forward to working with our teams to further develop the Group and do this in an environmentally sensitive manner through 2021 and beyond on behalf of all our stakeholders“.

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