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Augean on track

By BFN News | 09:00 AM | Monday 23 January, 2017

Augean, one of the UK's leading specialist waste management businesses, expects underlying profit before tax for the year ended 31 December to be in line with consensus market forecasts. The group said it generated strong net operating cash flows during 2016 and as at 31 December net debt was £10.8m which was £2.3m better than expected. Chief executive Dr Stewart Davies said: "We have had an encouraging start to the year and have good momentum across our businesses. "Despite some challenging market conditions in 2016, we have secured further waste management contracts with top tier customers that will progressively diversify our revenue streams. "In view of the opportunities ahead, the Board remains confident in the Group's delivery of further sustainable growth, in line with our strategy." At 9:00am: (LON:AUG) Augean PLC share price was 0p at 50.75p Story provided by

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