Amiad Water Systems Ltd Trading Statement (8127Q)
October 18 2013 - 2:00AM
UK Regulatory
TIDMAFS
RNS Number : 8127Q
Amiad Water Systems Ltd
18 October 2013
18 October 2013
Amiad Water Systems Ltd.
("Amiad" or the "Company")
Trading Update
Amiad, a leading global producer of water treatment and
filtration solutions, provides the following trading update.
As stated at the time of the interim results, 2013 is proving to
be a transitional year as the Company's new products gain traction,
and both its traditional and new segments continue to be subject to
fluctuating market conditions.
In spite of the anticipated difficulties, the management had
expected the Irrigation segment to perform well and grow in the
second half. However, the Company has experienced delays to certain
projects and there is a risk that these may now not be executed
this year. In addition, as anticipated at the time of the interim
results, the slowdown observed in the first half of 2013 in the US
and India, particularly in the Municipal and Industrial segments,
persisted into the second half and is expected to continue for the
remainder of the year.
As a result, the Company expects full year 2013 revenue to be in
the range of $115m - $120m and net profit to be in the range of $4m
- $6m.
Enquiries
Amiad Water Systems Ltd.
Arik Dayan, Chief Executive Officer
Amir Harel, Chief Financial Officer +972 4 690 9500
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Oriel Securities Ltd
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Juliet Thompson, Giles Balleny +44 20 7710 7499
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Luther Pendragon
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Harry Chathli, Claire Norbury,
Oliver Hibberd +44 20 7618 9100
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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