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Augean earnings fall after mixed H1

By BFN News | 09:40 AM | Tuesday 19 September, 2017

Waste management specialist Augean's first half revenue increased by 14.4% to £42.1m but operating profit before exceptional items fell by 8.0% to £3.3m. Adjusted pre-tax profits were down 7.2% at £2.9m and earnings before interest, tax, depreciation and amortisation fell by 16.9% to £5.6m. Chief executive Dr Stewart Davies said: 'The group has had a mixed first half of 2017, with improved performance from its Radioactive Waste Services and North Sea Services businesses offset by losses in its Industry & Infrastructure business primarily due to a legacy Colt contract. 'The group will continue to challenge the recent HMRC assessment. We expect to deliver full year financial results broadly in line with market expectation albeit the uncertain environment caused by this assessment is unhelpful.' At 9:40am: (LON:AUG) Augean PLC share price was -1.25p at 24.25p Story provided by

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