Water Intelligence first-quarter profit jumps as sales rise 38% | 27 April 2021
27 April 2021 | 07:55am StockMarketWire.com - Leak detection technology group Water Intelligence said it had more than doubled its first-quarter profit on the back of a surge in sales. Pre-tax profit for the three months through March had risen to $1.66 million, up from $0.66 million year-on-year, as revenue rose 38% to $11.4 million. 'The group has had an outstanding first quarter; one that both accelerates a very strong set of 2020 trading results and builds upon the group's consistently strong compounded annual growth trajectory,' it said. Executive chairman Patrick DeSouza said market dem...