Oct 03rd 2012 - Edison Investment Research today published a report on Augean (AUG.L, LSE:AUG, LON:AUG) entitled "Further Strategic Progress". In summary, the report says:
Augean’s interims have shown that the strategy to develop new markets and drive operational performance is reaping initial benefits but is by no means complete. With the commencement of Low Level Waste (LLW) deliveries, the creation of Augean North Sea Services (ANSS), the agreement to operate high temperature incinerator and with mineral extraction starting at Cooks Hole, Augean is making strides in its new strategic markets. While economic concerns remain in traditional markets, market share gains and a sustained operational improvement programme are seeing some initial benefits, although focus remains firmly on improving utilisation.
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