Augean sees full-year profits ahead of expectations

Augean raised its full-year profit forecasts on the back of "stronger" trading over the second quarter.

"Due to stronger Group trading performance in the second quarter, the Group's profit for the year to 31 December 2019 is expected to be ahead of market expectations," the company said.

The hazardous waste specialist credited higher landfill volumes across most waste types, increased radioactive waste profit and good performances at both the treatment and North Sea businesess.

Improved trading also translated into more cash in the back, with management stating that it was currently at £20.0m.