StockMarketWire.com - Leak detection and management group Water Intelligence said it expected to grow its first-half profits by a fifth on the back of higher-than-expected sales.

Pre-tax profit for the six months through June was seen rising 20% to $1.5m, with revenue climbing 34% to $15.9m.

'Results are ahead of market expectations for revenue and comfortably in-line with expectations for profits before taxes,' Water Intelligence said.

'The company continues to perform strongly with its multinational growth plan.'

'Global demand for water infrastructure products and services remains strong.'


At 9:18am: [LON:WATR] Water Intelligence PLC share price was +11p at 341.5p



Story provided by StockMarketWire.com