Augean delivers rise in profits and revenue

In the year ended December 31 2011, the company’s profit before tax was £1.4m, compared with £500,000 the year before. Revenue including landfill tax increased by 10 per cent to £37.5m.

The Wetherby-based company recently won a court battle allowing it to take radioactive material at its East Northants site in Northamptonshire, despite fierce local opposition.

The chief executive Paul Blackler said today: “2011 was a year of considerable progress and achievement for Augean. Despite the on-going challenging macro economic conditions, the group was able to deliver results marginally ahead of expectations. It was especially pleasing to see an improvement in operating margins, testament to an increasing focus on the pre-treatment, recycling and reuse of wastes.

“While the progress made has been reassuring, the group is conscious of the need to position itself to best meet the needs of its customers. As a result, we successfully completed our divisional reorganisation which has now been fully implemented across the group and we have begun to see the positive impact of these changes during the first three months of the year.

“Whilst the conditions across the sector are expected to remain highly competitive, we are confident that the strategic initiatives that the group has put place, especially in relation to low level waste and opportunities in the oil and gas services sector, will enable the group to drive shareholder value in the year ahead.”