LONDON (Alliance News) - Modern Water PLC Monday said it expects its 2014 results to meet expectations, despite revenue in its monitoring division coming in below forecasts after a number of customers delayed orders.
In a short trading update, the company said the order delays also mean that the monitoring business is starting 2015 with a strong order book for delivery this year,
Modern Water expects to put put its 2014 results on March 11.
Numis Securities is expecting the company to report a pretax loss of GBP4.8 million for the year, flat on the loss the company reported for 2013.
By Steve McGrath; stevemcgrath@alliancenews.com; @stevemcgrath1
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