Augean has confirmed continuing strong trading through H2, with profit for 2018 expected to be in line with recently upgraded expectations. The year end net cash position was higher than anticipated at £8.2m (N+1Se £4.1m) reflecting strong trading in the last few weeks of the year and favourable timing of payments. We have made no changes to our P&L forecasts, but have increased our estimates for net cash in line with the update. The shares have performed well through 2018, driven by significant ....
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2018 trading in line; stronger year end net cash
- Published:
09 Jan 2019 -
Author:
Jo Reedman -
Pages:
3
Augean has confirmed continuing strong trading through H2, with profit for 2018 expected to be in line with recently upgraded expectations. The year end net cash position was higher than anticipated at £8.2m (N+1Se £4.1m) reflecting strong trading in the last few weeks of the year and favourable timing of payments. We have made no changes to our P&L forecasts, but have increased our estimates for net cash in line with the update. The shares have performed well through 2018, driven by significant ....