Water Intelligence storms upwards on revenue growth
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AIM-listed leak detection specialist Water Intelligence (LON:WATR) saw its shares increase by 15.94% to 386.08p (as of 14:40 BST) as total revenues climbed 39% to $11.80 million for the six months ended 30th June. Statutory profits before tax improved by 49% to $1.26 million.
Executive Chairman Dr. Patrick DeSouza said: “We are pleased, once again, to consistently deliver: strong organic growth in all revenue channels; strong balance sheet given an oversubscribed funding; and continued multinational development of operations. We have translated such delivery into EPS growth. As outlined in the Chairman’s Statement, it is interesting to see our journey as a company after comparing our results from 1H 2015, a short three years ago. On track, we have an exciting pathway ahead to fulfilling our vision of a multinational growth company in a critical global market“.
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