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Wednesday, February 22, 2012
Water News from around the World
Water Stocks Trading Alert: GWR Global Water Resources (GWR.TO) Trading up 29%
Category: Investment, Water
Submitted by: www.Water-Stocks.com
Point Roberts, WA - September 7, 2011 - Investorideas.com, a leader in sector research including water stocks, issues a trading alert for water stock, GWR Global Water Resources (GWR.TO). The TSX water company is one of the top percentage gainers in the mornings trading session. The thinly traded stock has traded up 29% on only 500 shares.
The most recent news issued by the company was the second quarter, released August 11 th.
Highlights for Second Quarter 2011:
- Global Water's revenues increased 81% compared to the second quarter of 2010
- Global Water produced Adjusted EBITDA of $3.5 million representing a 67% increase compared to the corresponding period last year, which is effectively equivalent to $0.19 per common share of the Company, an increase of $0.01 per common share from the first quarter of 2011
- Global Water increased the number of active service connections of its water utilities business at an annualized growth rate of approximately 4.6%
- Global Water completed the Customer Information System FATHOM™ implementation for the City of Grass Valley, CA
"The second quarter was about preparing Global Water for the results of our market making and selling activities during the first half of 2011," said Trevor Hill, President and CEO. "Our primarily focus was directed toward the scaling and ramping of the FATHOM™ business, including expanding our sales organization, refining our FATHOM™ product offering, and delivering on the promises made to our current customers. Independent of our progress with FATHOM™, our regulated utilities continued their strong performance, generating significant revenue and income growth from both new service connections as well as from the new rates approved during 2010."
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Source: Water-Stocks.com, Investorideas.com
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Published at Water Newswire 2011