Augean delivered very strong profit growth in H1 18, with adjusted PBT up 35%. This reflected management’s focus on optimising the business and increasing profitability, while also driving good growth in sales. The balance sheet strengthened materially, with net debt reduced to £2.7m at the half year and to just £0.4m by 13th September. Management now expects profits for FY18 to exceed previous expectations and we have increased our forecasts for adjusted PBT and EPS by 10% pa. There is little n ....
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Strong H1 profit growth; EPS upgraded by 10% pa
- Published:
18 Sep 2018 -
Author:
Jo Reedman -
Pages:
3
Augean delivered very strong profit growth in H1 18, with adjusted PBT up 35%. This reflected management’s focus on optimising the business and increasing profitability, while also driving good growth in sales. The balance sheet strengthened materially, with net debt reduced to £2.7m at the half year and to just £0.4m by 13th September. Management now expects profits for FY18 to exceed previous expectations and we have increased our forecasts for adjusted PBT and EPS by 10% pa. There is little n ....