Water Intelligence rises on upbeat earnings
09/06/2022 13:56
** London-listed shares of technology company focused on
water conservation WATRI.L up 2.1% at 725p
** Statutory profit before tax rose 80% to $7.6 mln for the
year and included one-time gain of $1.9 mln urn:newsml:reuters.com:*:nRSI2906Oa
** FY rev up 44% at $54.5 mln
** Says well placed to navigate inflationary challenges in
order to be in line with market expectations for 2022
** Co's products use AI to detect and stop water leaks,
** Including session losses, stock down ~32% YTD
(Reporting by Radhika Anilkumar in Bengaluru)
((Radhika.Anilkumar@thomsonreuters.com))