Amiad Water Drops for Sixth Session, Offsetting 13% Revenue Gain

Amiad Water Systems Ltd. (AFS), an Israeli water filtration system producer, fell for a sixth session in London as a “slight dip” in municipal operations offset a 13 percent rise in first-half revenue from a year earlier.

The water treatment company founded 50 years ago at a kibbutz lost 5.6 percent to 338.50 pence, the most since June 2010, after reporting results for the six months through June included $66.4 million in revenue compared with $59 million for the first half of 2011.

Amiad said it was expanding due to increased investment in water infrastructure, primarily in the Brazil-Russia-India-China regions, and started the second half of the year with a higher backlog than a year earlier.

The company also reported “particularly strong” sales in U.S. ballast water operations that clean vessels’ ballast water and help protect the marine environment.

To contact the reporter on this story: Randall Hackley in Zurich at rhackley@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

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