Amiad Water Systems Ltd downgrades revenue guidance

  • Dec 13, 2019 GMT
  • Team Kalkine
 
  • The company’s revenues have been adversely affected for the second half of the year due to currency rate fluctuations.
  • The company downgrades its revenue guidance for the full year to be between £3 - £ 5 million which is much below market expectations.
  • The company will enter 2020 with order backlog much larger than what it was in the beginning of 2019.

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