This morning's announcement from WATR again places the company's successful reacquisition strategy under the spotlight, with the Melbourne acquisition adding $AU250k of profits to the Corporate business and $AU1.29m revenues for less than a $AU1.8m purchase price. This latest reacquisition means that the group is keeping up the strong pace set earlier with the Maryland acquisition last month, following on from San Jose and Minneapolis in May and June respectively. It is also a reflection of th ....
04 Aug 2020
WHI First Light: Water Intelligence (WATR) - Accretive Melbourne reacquisition reflects strong demand and fundamental growth momentum
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WHI First Light: Water Intelligence (WATR) - Accretive Melbourne reacquisition reflects strong demand and fundamental growth momentum
Water Intelligence plc (WATR:LON) | 362 -9.1 (-0.7%) | Mkt Cap: 70.6m
- Published:
04 Aug 2020 -
Author:
Nick Spoliar -
Pages:
5
This morning's announcement from WATR again places the company's successful reacquisition strategy under the spotlight, with the Melbourne acquisition adding $AU250k of profits to the Corporate business and $AU1.29m revenues for less than a $AU1.8m purchase price. This latest reacquisition means that the group is keeping up the strong pace set earlier with the Maryland acquisition last month, following on from San Jose and Minneapolis in May and June respectively. It is also a reflection of th ....