HaloSource Inc., the global clean water technology solutions firm trading on London’s AIM, is warning that its total revenues for 2015 will be materially lower than market expectations and net loss for the full year will be higher than market expectations.
The comments come with the publication this morning of the company’s latest trading update ahead of the year ending 31 December 2015.
HaloSource said that revenues in its Drinking Water division will be negatively impacted during the second half of 2015 as a result of delays in key customer rollouts, together with some operational challenges as a result of increased manufacturing capacity at its Drinking Water facility in China which has temporarily affected its ability to fulfil customer orders.
However, the company said it was confident that the production delays would in no way impact marketplace demand for its HaloPure® disinfection technology for 2016 and beyond.
2015 revenues versus 2014 for the company’s Recreational Water and Environmental Water segments are stable but HaloSource’s total consolidated revenues for the year ending 31 December 2015 will be materially lower than market expectations and, consequently, the net loss for the full year will be higher than market expectations.
In a statement, Halosource said:
“The company remains confident in the business strategy and growth opportunities as the water technology integrator and solutions provider for global multinational corporations. In particular, the benefits of various operational developments are starting to take effect. “
Among the benefits cited by the firm are:
- new product launches by partners such as Panasonic Corporation in India;
- the emergence in 2015 of another national partner in China using HaloPure® bacteriostatic cartridges in combination with their reverse osmosis systems;
- improvement in operational performance being realised by the movement to an indirect sales model in its Recreational Water business during 2015;
- and optimisation of its Environmental Water production and sales coverage implemented in H2 2015.
Barhale has completed work on two separate Rapid Action Taskforce Spills projects it is carrying out for Severn Trent.
Börger UK, which has firmly established itself as a leading pump brand since it was set up in Staffordshire in 2004, has moved into bigger, brand-new premises in Shrewsbury.
HUBER Technology UK & Ireland are inviting people to register for their March webinar where they will be providing information about HUBER water intake screens for municipal and industrial applications.
Sulzer has launched a new global Center of Excellence (CoE) for Water Treatment Solutions - the CoE consolidates Sulzer’s wastewater treatment expertise in a unified and global manner.
Hear how Scottish Water has completed its £235 million Ayrshire Glasgow Resilience Project - customers across Greater Glasgow, Ayrshire and East Renfrewshire will now benefit from a more secure and resilient water supply.
Hear how United Utilities is accelerating its investment to reduce spills from storm overflows across the Northwest.
Find out more about the remarkable career opportunities on offer at WSP - scroll down to watch the inspirational video.