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1 March 2021 | 08:54am StockMarketWire.com - Waste management company Augean swung to an annual profit and proposed to resume its dividend in 2021, as lower exceptional cost offset a decline in revenue. For the year ended December, pre-tax profit was £16.4 million from a loss of £15.3 million a year earlier, while revenue fell to £91.7 million from £107.1 million. 'The impact of Covid-19 was most felt on Augean North Sea Services (ANSS) ... as Covid-19 saw unprecedented declines in the Brent oil price with a consequent fall off in activity in the North Sea, ' the company said. The retu...

18 January 2021 | 14:54pm StockMarketWire.com - Specialist waste management business Augean has said trading 'recovered strongly' in the second half of 2020 and that it expects to announce an annual pre-tax profit in line with the prior year, despite the impact of Covid-19 and the decline in its North Sea business. In a trading update, Augean said that in its North Sea business 'further rationalisations' have been made to the cost base in anticipation of future trading conditions, although the business reported a recovery in revenue in the second half of the year. It expects to impair the Nor...