Augean set to clean up after good trading

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Augean set to clean up after good trading
Master Investor Magazine

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The price of shares in AIM-listed waste management outfit Augean (LON:AUG) has increased by 5.87% to 126.52p (as of 12:15 BST) after it said profits for the 2019 calendar year would be ahead of market expectations. Landfill volumes had been higher than predicted across most waste types and profits from the radioactive waste arm were also up.

Management said that this improvement in trading also had a substantial positive impact on the firm’s net cash position.

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