Amiad Water Revenue Rises 12% on Australia Contracts, Irrigation

Amiad Water Systems Ltd. (AFS), an Israel-based water treatment and filtration producer that trades in London, said revenue rose 12 percent from a year earlier, buoyed by specialized membrane contracts in Australia.

The AIM-listed company founded more than a half-century ago at a kibbutz reported today in a statement that full-year sales increased to $131.1 million on growth of its municipal and irrigation operations as well as ballast water revenue.

Helping drive the growth were contracts in Australia for seawater reverse-osmosis membrane protection and pre-filtration membrane protection in oil and gas, it said. Amiad shares have risen 19 percent over the past year.

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

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

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