Information  X 
Enter a valid email address

Augean growth to be at lower end of forecasts

By BFN News | 09:13 AM | Tuesday 25 July, 2017


Specialist waste management group Augean has warned that full-year profit growth was likely to be at the lower end of market expectations. The group said its profit performance for the first half of the year to the end of June was broadly in line with the prior year. The group said it had recently instigated a cost reduction programme which was expected to generate annual savings of around £2m from August. It said the expected one-off cost of around £0.7m would be shown as an exceptional item in the full year results. Overall the group expected to deliver full year profit growth, although the outcome was likely to be at the lower end of market expectations. At 9:13am: (LON:AUG) Augean PLC share price was -13p at 50p Story provided by StockMarketWire.com

a d v e r t i s e m e n t