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Gresham House plc

Augean trading update

Due to a strong Group trading performance in the third quarter, the Group’s profit for the year to 31 December 2019 is expected to be materially ahead of current published consensus market expectations of an adjusted profit before tax of £16.5m.

Results for the year to date have benefitted from a 20% increase in landfill volumes across all waste types, improved landfill pricing by a further 20%, increased radioactive waste profit and a good performance by both the treatment and North Sea businesses.

Augean (LON:AUG) strategy is to build and grow a specialist company competent to deliver extremely high standards of service to our clients underpinned by modern technology led infrastructure and to become the market leader in delivering solutions to difficult to handle waste streams from industrial society. Gresham House Strategic PLC (LON:GHS) has a 14%.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.