Augean delivers ‘robust’ results

In the year ended December 31 2012, the Wetherby-based company’s revenue, including landfill tax, increased by 13 per cent to £42.4m.

Profit before tax was £2.8m, compared with £1.4m the year before.

The board is recommending the payment of a maiden dividend of 0.25p per share.

Commenting on the results, chairman Jim Meredith said: “The successful delivery of our strategic initiatives has led to robust results showing growth in revenue, earnings and profit.

“While the overall conditions in our core markets have remained challenging, the group has made excellent progress in establishing new revenue streams that offer significant growth potential. “The proposed payment of a maiden dividend demonstrates the board’s confidence in the group’s strategic direction and intention to enhance returns for shareholders. Our new businesses and divisional reorganisation have created a stronger and more diversified business closely aligned with our customer requirements and this investment is expected to deliver continued growth to revenues, earnings per share and cash flow in this year and beyond.”