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Amiad Filtration Sys Expects 2H Trading To Improve

Thu, 17th Jun 2010 07:50

LONDON (Dow Jones)--Amiad Filtration Systems Ltd (AFS.LN), a producer and global supplier of water filters and filtration systems for the industrial, municipal and irrigation markets, announced Thursday it expects that trading in the second half of 2010 will improve. MAIN FACTS: -First half revenues and profits are expected to be below the company's previous expectations. -Amiad now expects to report revenues for the first half of 2010 of $37 million (including $6 million contribution from Arkal) compared with $36.8 million for the first half of 2009 -The Arkal Filtration Systems Cooperative Agricultural Society Ltd acquisition is expected to strengthen total full year revenue. -Shares closed Wednesday at 222.50 pence. -By Zechariah Hemans, Dow Jones Newswires; 44-20-7842-9411; zechariah.hemans@dowjones.com (END) Dow Jones Newswires June 17, 2010 02:50 ET (06:50 GMT)
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17 Jun 2010 12:05

London midday: Spanish bond sale boosts banks

BP and the banks are leading the market higher, with the latter in demand after concerns over Spain's ability to raise money on the bond markets were eased by the latest Spanish bond auction, which saw a higher level of demand than the March offering. Royal Bank of Scotland, Lloyds Banking and Bar

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17 Jun 2010 11:05

Amiad flags H1 revenue miss

Water filters and filtration systems firm Amiad has warned that first half revenues and profits are likely to miss forecasts as it struggles to negotiate the economic downturn. The company, which first flagged difficulties at its 2009 results in April, said its irrigation business and industrial pr

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15 Apr 2010 10:47

Small caps round-up: Amiad, Michelmersh, William Sinclair

Amiad, a supplier of water filters and filtration systems, reported a 30% jump in full-year profit and said it is well-positioned to deliver shareholder value in the mid to long term. Pre-tax profit rose to $8.7m in the year ended 31 December compared with $6.7m last time, even though revenue fell

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21 Sep 2009 08:19

Small caps round-up: Tanzanite One, Plastics Capital, PetroNeft...

Tanzanite One, which mines for the eponymous gemstone in Tanzania, fell into losses at the interim stage as revenues tumbled in line with tanzanite prices. The firm posted a pre-tax loss of £1.3m, compared with £3.9m over the same period the previous year, as revenues fell to £4.9m from £20.9m. Pl

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