Water Intelligence (WATR)

Sector:

IT Services

Index:

FTSE AIM All-Share

277.50p
   
  • Change Today:
    -2.50p
  • 52 Week High: 407.00
  • 52 Week Low: 227.00
  • Currency: UK Pounds
  • Shares Issued: 16.92m
  • Volume: 547
  • Market Cap: £46.95m

Water Intelligence revenues seen ahead of expectations

By Iain Gilbert

Date: Wednesday 07 Aug 2019

LONDON (ShareCast) - (Sharecast News) - Leak detection and remediation solutions firm Water Intelligence expects interim revenues to come in ahead of market expectations, while pre-tax profits were set to be "comfortably in line" with expectations.
Water Intelligence said it continued to perform "strongly" in the six months ended 30 June as demand for water infrastructure products and services remained solid.

Revenues were up 34% at $15.9m, while statutory pre-tax profits grew 20% to $1.51m.

The company, which plans to release its fully audited interim report in mid-September, also said it had promoted board member Laura Hills to the role of vice chairman.

Executive chairman Patrick DeSouza said: "Global market demand for solutions to water loss from leakage is strong and only growing. We are well-positioned and continue to deliver on our articulated plan.

"We are on a mission to transform the water infrastructure services market around the world and seek to lead the Insuretech movement."

DeSouza also said that the fact the majority of Water Intelligence's sales were in US dollars offered a safe haven from any impact of a no-deal Brexit.

As of 1015 BST, Water Intelligence shares had picked up 1.36% to 335p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

WATR Market Data

Currency UK Pounds
Share Price 277.50p
Change Today -2.50p
% Change -0.89 %
52 Week High 407.00
52 Week Low 227.00
Volume 547
Shares Issued 16.92m
Market Cap £46.95m

WATR Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
80.53% below the market average80.53% below the market average80.53% below the market average80.53% below the market average80.53% below the market average
53.54% below the sector average53.54% below the sector average53.54% below the sector average53.54% below the sector average53.54% below the sector average
Price Trend
0.81% below the market average0.81% below the market average0.81% below the market average0.81% below the market average0.81% below the market average
13.21% above the sector average13.21% above the sector average13.21% above the sector average13.21% above the sector average13.21% above the sector average
Income Not Available
Growth
90.80% above the market average90.80% above the market average90.80% above the market average90.80% above the market average90.80% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

WATR Dividends

No dividends found

Trades for 13-Dec-2019

Time Volume / Share Price
13:50 492 @ 276.00p
13:44 55 @ 276.00p

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