De.mem Secures Desalination Project From Mulpha

De.mem Secures Desalination Project From Mulpha

De.mem Limited (ASX: DEM) announced on 10th April 2019 that the water and Waste treatment company secured an A$2.8 million order for the delivery of a desalination plant in Queensland. The A$2.8 million project will be based on Sea water Reverse Osmosis (SWRO) process, which includes membranes for reverse osmosis to remove the salt from the solvent and Ultrafiltration membranes as a pre-treatment.

The full system includes upgrades to the existing residual disinfection infrastructure along with a new remineralisation package, and the system has a capacity of 1.5 million litres per day.

As per the company, the execution of the order, which the company received from Mulpha a leading international infrastructure investor, starts with an immediate effect and is expected by the company to be fulfilled before the end of the calendar year 2019.

As per the CEO of the company, Andreas Kroell, the new purchase order supports the positive outlook of the company for CY2019 and marks another milestone project for the company.

Mr. Kroell also mentioned that the construction of the project plant requires extensive technical knowledge including an area of membranes, process design, software and controls, and the order signifies the trust that the company’s customers place into De.mem’s strong technical capabilities.

Mr. Kroell sees the order as an excellent reference point for the expansion of the company in both the domestic and international front. Mr. Kroell mentions that the order represents that the company is on track to strengthen its presence in the Australian water treatment market underpinned by market-leading technology.

Financial milestones:

The company generated total revenue of $10,522,989 for the financial year ended 31st December 2018 (FY18), which was up from its previously reported revenue of $2,930,423 for the financial year ended 31st December 2017 (FY17). After adjusting with the cost of sales the company reported the gross profit of $2,629,195 for FY18, as compared to just $535,885 in FY17.

The operating loss of the company was at $1,891,553 for FY18, which reduced significantly as compared to the operating loss of $6,391,113 in FY17. The total loss of the company for FY18 was at $2,003,829 as compared to the loss of $6,337,252 in FY17.

Financial Strength:

The total assets of the company stood at $5,251,494 for FY18 as compared to $6,302,043 in FY17. Apart from a decrease in the assets, the company also marked a rise in the liabilities. The total liabilities for the FY18 was at $3,385,439 as compared to $3,075,915 in FY17. After adjusting both assets and liabilities, the net assets for the company stood at $1,866,055 for FY18 as compared to $3,226,128 for FY17.

The share of the company closed at A$0.140 (as on 10th April 2019), down by 6.667% as compared to its previous close with an average volume of 39,982.


Disclaimer

This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.

Top 25 Dividend Stocks report for April

People prefer a dividend stock in their portfolio as it possesses the feature of compounding. Compounding means that the earning which is generated through these dividend stock will get reinvested and will eventually create earnings from earning. More precisely, the dividend generated from these dividend stock will get reinvested to buy another set of a share of the dividend stock which results in giving a higher dividend.

Click here to download your top 25 dividend stocks report!

6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.

Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.

Click here for your FREE Report