News blog
Hydro International
- BY: Andrew Hore |
- POSTED: 21/05/2015 |
At its AGM, water management equipment supplier Hydro International says trading is in line with expectations.
In the UK, the new water pollution management service has been launched and the US business has been boosted by the acquisition of the brand and assets of Settled Solids Management, which provides services involved in removing sand and grit from wastewater treatment plants.
Interim figures will be published on 8 September. A full year profit of £2.1m is forecast.
The share price rose 1p to 139p. The share price has risen by two-fifths since the beginning of March. The shares are trading on 15 times prospective 2015 earnings but this falls to less than 12 in 2016.
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