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AGM Statement

26 Jul 2006 07:02

Amiad Filtration Systems Ltd26 July 2006 26 July 2006 Amiad Filtration Systems Ltd. ("Amiad" or "the Company") AGM Trading Statement Speaking at its Annual General Meeting today, Avi Heifetz, the Chairman ofAmiad, producer and global supplier of water filters and filtration systems forthe industrial & municipal and the irrigation markets, will make the followingstatement: "2005 was a significant year as the Company made good progress with revenuesincreasing by 15 per cent. to US$42.4m and profit before tax increasing by 57per cent. to US$4.1m. Reflecting these results, the Directors recommended a dividend payment of 7.71 cents per share. The Board is pleased to report that the Company has made further progress with astrong finish to the first half of 2006, reflecting the demand for its automaticfilters in China, US and Far East. All operations of Amiad are now profitable. As indicated at the time of the full year results on 29 March 2006, sales in theirrigation segment were affected by seasonality associated with farming patternsduring the early part of this year. The industrial and municipal segment made good progress as the Company focusedon establishing itself in growth markets such as Brazil, China, Eastern Europe,Russia and US. The new thread filter product, introduced late last year, has attracted interest from major customers globally. There is also significantinterest in the Company's filters for pre-filtration of membranes. As a result, the Company expects to report revenues for the first half of 2006broadly in line with those for the first half of 2005. The Company has entered the second half of 2006 with good momentum and, if thisis maintained until the end of the year, would expect to report higher revenuesfor this period than those for the equivalent period last year. Finally, the Board notes the uncertainty surrounding events in the Middle East.At the present moment, the Company does not expect this to have any material impact upon its business. If this were to change, then the Company would inform the market accordingly." Enquiries: Amiad Filtration SystemsYossi Katz, Chief Executive Officer +972 (0) 4 690 9500Itamar Eder, Chief Financial Officer Corfin CommunicationsHarry Chathli, Neil Thapar + 44 (0) 20 7929 8989 This information is provided by RNS The company news service from the London Stock Exchange
Date   Source Headline
3rd Feb 201711:05 amRNSHolding(s) in Company
30th Jan 20176:21 pmRNSHolding(s) in Company
21st Dec 201612:19 pmRNSTransfer in significant shareholding
3rd Nov 201611:12 amRNSResult of EGM
18th Oct 20163:21 pmRNSDirector/PDMR Shareholding
29th Sep 20167:00 amRNSAppointment of CEO and Notice of EGM
8th Sep 20167:00 amRNSInterim Results
23rd Aug 20164:02 pmRNSBusiness and Trading Update
17th Aug 201611:54 amRNSResult of AGM
13th Jul 201612:00 pmRNSNotice of AGM
7th Jul 20169:35 amRNSHolding(s) in Company
7th Jun 20167:00 amRNSDirectorate Change
24th May 20164:53 pmRNSDirector Shareholding
10th May 20165:00 pmRNSPublication of Annual Report and Accounts
24th Mar 20167:00 amRNSFull Year Results
2nd Feb 20167:00 amRNSBusiness and Trading Update
4th Nov 20157:17 amRNSNetafim sign exclusive distribution agreement
10th Sep 20157:00 amRNSInterim Results
7th Sep 20157:00 amRNSAmiad establishes subsidiary in UK
3rd Sep 20153:44 pmRNSNotice of Interim Results
28th Jul 201511:43 amRNSResult of AGM and Directorate Change
23rd Jun 20155:17 pmRNSNotice of AGM
2nd Jun 20153:05 pmRNSDirector Share Purchase
30th Apr 20155:41 pmRNSAnnual Financial Report
31st Mar 20157:00 amRNSFull Year Results
27th Mar 20157:00 amRNSAppointment of Non-Executive Director
3rd Mar 20157:00 amRNSChange of Nominated Adviser and Broker
25th Feb 20152:23 pmRNSResult of EGM & Non-Executive Director appointment
18th Feb 20157:00 amRNSAmiad receives NSF accreditation
11th Feb 20151:07 pmRNSHolding(s) in Company
11th Feb 20151:01 pmRNSHolding(s) in Company
29th Jan 20155:03 pmRNSGrant of Options
21st Jan 201510:04 amRNSNotice of EGM
17th Dec 20147:00 amRNSAppointment of Chief Financial Officer
5th Dec 20147:00 amRNSDirector/PDMR Shareholding
3rd Dec 20144:09 pmRNSDirector's Share Purchase
25th Nov 20143:07 pmRNSDirector's Shareholding
18th Nov 20147:00 amRNSBusiness and Trading Update
28th Oct 20143:17 pmRNSHolding(s) in Company
28th Oct 20147:00 amRNSManagement Change
2nd Oct 20144:04 pmRNSHolding(s) in Company
22nd Sep 20142:09 pmRNSResult of AGM
11th Sep 20147:00 amRNSResults for the six months to 30 June 2014
18th Aug 20144:52 pmRNSNotice of AGM
21st Jul 20147:00 amRNSBusiness and Trading Update
26th Jun 20145:00 pmRNSPublication of Annual Report and Accounts
23rd Apr 20147:00 amRNSDirectorate Change
2nd Apr 20147:00 amRNSResults for the twelve months to 31 December 2013
31st Mar 20147:00 amRNSAppointment of Non-Executive Director
24th Mar 20147:00 amRNSNotice of Results

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