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Amiad flags H1 revenue miss

Thu, 17th Jun 2010 11:05

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 projects in the US had been hardest hit.Revenue for the first six months of 2010 is now thought to be about $37m, including $6m from the Arkal acquisition, little changed from a year ago.But the group expects trading in the second half will improve and that Arkal will provide a further boost to the full-year numbers.Panmure Gordon thinks the core Amiad business is likely to deliver $1m in net profit for the period to 30 June, down from $3.5m in 2009. "With a higher presence of irrigation in the mix and with some pricing pressure the gross margin has fallen to 42% from a long term range of 45-48%," says the broker, which has placed its estimates and target price under review ahead of a meeting with the company.Interim results are scheduled for early September.
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13 Jun 2018 17:51

Amiad Water Systems Reports Death Of Director Avraham Azani

LONDON (Alliance News) - Amiad Water Systems Ltd on Wednesday reported the death of Non-Executive Director Avraham Azani.Azani served on the board of the water filtration solutions producer

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3 Apr 2018 13:24

Amiad Water Systems Chairman Eli Opper To Step Down In August

LONDON (Alliance News) - Water treatment solutions provider Amiad Water Systems Ltd said on Tuesday Chairman Eli Opper will step down with effect at the company's next in

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29 Sep 2016 08:54

Amiad Water Systems appoints Dori Ivzori CEO

(ShareCast News) - Water treatment and filter producer Amiad Water Systems appointed Dori Ivzori chief executive. Ivzoi will succeed Arik Dayan who remain to assist with handover, will also be appointed director, subject to shareholder approval at the next meeting on 3 November. The 51-year-old was

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8 Sep 2016 15:08

Amiad Water Systems' first half profit plummets on low sales

(ShareCast News) - Water treatment and filter producer Amiad Water Systems' half year profit more than halved due to a fall in sales as it was affected by the prolonged downturn in oil prices. Pre-tax profit plummeted 51.4% to $1.7m for the six months ended 30 June, compared to the same period last

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23 Aug 2016 16:35

Amiad Water Systems' irrigation business the main source of revenues

(ShareCast News) - Water treatment and filter provider Amiad Water Systems said that its irrigation business was the main contributor to revenues in the first half of the year, but the company was affected by the plummeting price of oil. In a trading update for the six months ended 30 June, the comp

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23 Aug 2016 15:32

Amiad Forecasts Lower Half-Year Revenue As Oil Price Reduces Orders

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7 Jun 2016 06:56

Amiad Water Systems Chief Executive Arik Dayan To Step Down

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24 Mar 2016 11:23

Amiad Water Systems Swings To Profit After Cost-Cutting Programme

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2 Feb 2016 10:51

Amiad Water looking at better-than-expected 2015

(ShareCast News) - Amiad Water Systems was warming the market up for significantly better full-year results than anticipated on Tuesday, in a trading update ahead of its final figures for the year ended 31 December 2015. The AIM-traded producer of water treatment and filtration systems said the mome

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2 Feb 2016 09:33

Amiad Water Says Revenue, Profit, Debt Reduction To Beat Expectations

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4 Nov 2015 10:01

Amiad Water Systems Signs Distribution Deal With Israel's Netafim

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10 Sep 2015 08:21

Amiad Water Systems Benefits From Restructuring As Profit Doubles

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7 Sep 2015 08:00

Amiad Water Systems Creates New UK Office In Swansea

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29 Jul 2015 05:15

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28 Jul 2015 15:26

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