22nd May 2014 12:59
LONDON (Alliance News) -a Hydro International PLC said at its annual general meeting Thursday that trading across its operations are broadly as expected and its outlook remains unchanged.
The environmentally sustainable water treatment technology company said it continues to focus on making investments in systems, business processes, and high quality people to facilitate growth and regional sales personnel have now been appointed in China, and the wider Asia Pacific region, with the implementation of new business systems progressing to plan.
The company said trading is broadly in line with its expectations, including an anticipated reduction in first-half revenues from its Europe Wastewater division as contracts reach their conclusions.
Hydro International said it continues to see considerable opportunities to capitalise on possible investments in order to improve the level and quality of earnings beyond the current year.
In March, the company said its pretax profit fell significantly in its full-year 2013 to GBP1.4 million from GBP2.3 million the previous year as UK revenue figures and expenses hit the company.
Hydro International shares fell 0.9% to 105.00 pence on Thursday.
By Tom McIvor; [email protected]; @TomMcIvor1
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