AUG.L Share News (AUG)

Waste management group Augean saw its shares jump on Tuesday after reporting strong full-year results across its five businesses.Revenues rose 26% to £55m while profits before tax increased 22% to £5.4m, driving earnings per share so rise from 3.29p to 4.13p.Despite strong performance across all its businesses, its North Sea services had a "extremely poor" start to 2014 because of adverse weather conditions. However, it managed to finish the year with revenues up 57% to £14.5m.During the period, Augean grew its portfolio of blue-chip customers, with 80% of its top 20 customers now services through formalised agreements.Chief executive Stewart Davis said: "We have made significant progress in moving more of the group's revenues from 'spot' or short-term contracts to long-term contracts and frameworks which has provided increased visibility for the order book."The continued execution of the strategy of the wider group along with an expectation of continuing general UK economic recovery, means that the board remains confident of another year of increasing profitability and cash flows for the group as a whole in 2015."N+1 Singer analysts said the group had a "good start" to 2015 with North Sea services activity levels remaining high. The broker gave a 'corporate' recommendation.Shares were up 15.95% to 48.7p on Tuesday at 11:53.