Update: Portfolio approach paying dividends
A strong first-half performance gives confidence that the group can deliver the target of double-digit growth in profit before tax in 2015. The portfolio approach was clearly beneficial and led to an improvement in ROCE and strong cash flow. This gives flexibility going forward to supplement organic growth with acquisitions and to enhance potential returns.Augean is engaged in waste management businesses. Co.'s business units are: Energy & Construction, which disposes air pollution control residues, asbestos and other contaminated waste materials and soils; Radioactive Waste Services, which treats and disposes low level radioactive waste; Industry & Infrastructure, which is engaged in the recovery and recycling of oil and solvents and the generation of secondary liquid and solid fuels from waste; Augean Integrated Services, which provides total waste management; and Augean North Sea Services, which provides drilling waste management, production waste management, onshore & marine industrial services, decommissioning and water treatment.
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