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Modern Water PLC Ord 0.25P (MWG)

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06-May-2020 09:06 AM

Modern Water doubles reagent production as Covid-19 encourages demand

Water treatment group Modern Water said it had doubled re-agent production in the UK to respond to higher demand for hygiene controls amid the Covid-19 crisis. The company said that partner Integumen had commenced shipping to meet back-orders, and growin
07-Jun-2019 01:13 PM

Modern Water mulls funding options to meet working capital shortfall

Water treatment group Modern Water said it needed to raise capital due to weaker cash flows. The company said it was engaged with a number of potential funding parties with a view to providing the working capital needed, which may or may not include a ne
20-Sep-2018 07:35 AM

Sales at Modern Water up

Modern Water reported sales grew 22% to £1.89m in the six months ended 30 June 2018. COMMERCIAL HIGHLIGHTS: - Chinese Strategic Investor subscribed £552,000 for a 5% stake in Modern Water on 5 July 2018 - Joint venture in China to commercia
29-Mar-2018 07:49 AM

Modern Water revenue falls on China sales delay

Modern Water, an owner of technologies for water and wastewater treatment, has reported a 3% decline in revenue to £3.52m for 2017, which generated a loss of £3.14m on ordinary activities. The total comprehensive loss for the year was &poun
13-Sep-2017 07:19 AM

Modern Water profit rises

Modern Water said gross profit increased 15% to £0.67m (H1 2016: £0.58m) in the first half of 2017. OPERATIONAL HIGHLIGHTS: - First AMBC revenue from India - First AquaPak revenue from Oman - First FO revenue from China FINANCIAL HIGHLIGH
16-Mar-2016 07:23 AM

Modern Water narrows FY pretax loss

Modern Water has narrowed its FY pretax loss to GBP4.0m, from an exceptionals-hurt prior loss of GBP17.7m. Revenue was GBP3.2m, from GBP2.8m. The comparative period included GBP12.6m of goodwill and intangibles impairment. Non-executive chairman Alan W
16-Nov-2015 07:48 AM

Modern Water delivers largest monitoring order

Modern Water has delivered its Monitoring Division's single biggest order, a purpose-built containerised trace metal monitoring system in the Middle East for a large multinational company. Key parts of the monitoring system are the two on-line OVA
11-Mar-2015 07:44 AM

Modern Water widens FY pretax loss

Modern Water has widened its FY pretax loss to £17.7m, from a loss of £4.8m. Revenue was £2.8m, from £3.5m. The results were hurt by a £12.6m goodwill and intangibles impairment. Interim non-executive chairman Robert Clarke said the year was one of
12-Jan-2015 07:39 AM

Modern Water sees FY outturn in line with views

Modern Water confirms that the Group's outturn for the financial year ending 31 December 2014 will be in line with expectations despite a difficult end to the year in its monitoring division. In the monitoring division delayed orders from a number o
12-Mar-2014 07:47 AM

Modern Water narrows FY pretax loss

Modern Water narrowed its FY pretax loss to £4.8m, from £5.5m. Revenue was £3.5m, from £3.8m. Lower administrative expenses were a factor, falling to £5.8m, from £6.1m. "Modern Water has progressed significantly during 2013, with both our Memb
02-Dec-2013 12:57 PM

Modern Water wins three contracts in China

Modern Water (AIM:MWG), the owner of world-leading technologies for the production of fresh water and monitoring of water quality, has announced three key contracts during a UK Government trade mission to China, led by the UK Prime Minister, David Cameron
29-Oct-2013 07:58 AM

Modern Water signs China distribution agreement

Modern Water has recently signed an exclusive distribution agreement with Beijing Green Science and Technology that will cover mainland China, Hong Kong and Macau. Beijing Green has been one of Modern Water's key distribution partners for almost ten
18-Sep-2013 07:35 AM

Modern Water narrows H1 pretax loss to £2.3m

Modern Water narrowed its first-half pretax loss to £2.3m, from a loss of £2.8m. Revenue was £1.5m, from £2.0m. Lower cost of sales per £1 of sales and administrative expenses helped the pretax uptick. Operational highlights included: - Extension o
10-Jul-2013 07:27 AM

Modern Water in substantial product development deal

Modern Water has entered into a new substantial product development contract with global agrochemical company United Phosphorous. The deal will see Modern Water develop and supply a new herbicide testing system to detect Endothall, an aquatic herbicide u
13-Mar-2013 07:55 AM

Modern Water FY revenue trebles, pretax loss widens

Modern Water booked a substantial rise in its full-year revenue, but its pretax loss widened in a year that the company described as one of exciting progress. Total revenue rose to £3.8 million, from £1.2 million, including £3.4 million from the compa
29-Jan-2013 08:11 AM

Modern Water FY trading in line with management view

Water technology company Modern Water said its full-year performance was in line with management's expectations. The Company was debt free with net cash of about £5.72 million on Dec. 31, 2012. At 8:11am: (LON:MWG) share price was +0.13p at 55
24-Jan-2013 10:08 AM

Modern Water strengthens US sales team

Modern Water (LON:MWG), the owner of water technologies for the production of fresh water and monitoring of water quality, has appointed a Vice President of Sales, Americas for its Monitoring division. This appointment will strengthen the geographical rea
08-Jan-2013 09:28 AM

Modern Water appoints William Harvey to senior management

Modern Water has appointed William Harvey as director of strategy and new business development for its membrane processes division as well as electrocoagulation products. At 9:28am: (LON:MWG) share price was 0p at 54p Story provided by StockMarket
04-Dec-2012 08:01 AM

Modern Water agrees partnership in China

Modern Water, the owner of leading water technologies for the production of fresh water and monitoring of water quality, has signed a Framework Agreement with Hangzhou Development Center of Water Treatment Technology, Company in the People's Republic
26-Nov-2012 12:53 PM

Modern Water signs agreement in Kuwait

Modern Water, the owner of leading water technologies for the production of fresh water and monitoring of water quality, has signed a Cooperation and Agency Agreement with Kazema Global Holding KSCH in Kuwait. The agreement will result in Modern Water an
12-Sep-2012 08:20 AM

Modern Water enjoys major uplift in first half revenue

Modern Water reports improved numbers for the first half with revenue of £2,037,000 (H1 2011: £430,000). There was a strong increase in revenue from Monitoring division and overall gross profit increased to £790,000 (H1 2011: £141,000), with gross m
24-Apr-2012 02:18 PM

Modern Water resolutions passed at AGM

Modern Water has announced that all resolutions tabled at its annual general meeting were passed by shareholders. At 2:18pm: (LON:MWG) share price was -0.5p at 53.5p Story provided by
14-Mar-2012 08:33 AM

Healthy revenue growth and no debt for Modern Water

Modern Water reports gross revenue of £1.24m (2010 £27k) and Gross profit margin of 37% for the year to end of December 2011. The company enjoys a strong financial position with no debt and cash of £11.3 million The clean water technologies special
09-Dec-2011 07:35 AM

Modern Water completes acquisition

Modern Water (LON:MWG), a provider of leading water technologies for the production of fresh water and monitoring of water quality, has announced that further to the announcement made on 11 November 2011, it has completed the $4.5 million acquisition of t
30-Nov-2011 03:29 PM

Modern Water-backed research gets Queen's award

The University of Surrey has been awarded the Queen's anniversary prize for work on tackling global problems of fresh water availability and the treatment and disposal of wastewater. The award recognised the outstanding research and development wor
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03-Jul-2020 04:50 PM

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