Water Intelligence grows revenue while reported pretax profit declines
Water Intelligence ($WATR-LSE) increased first-half revenue 7% to $48.2 million, with international corporate sales rising 40% to $9.5 million. Adjusted EBITDA advanced 6% to $9.8 million and adjusted pretax profit rose 4% to $5.9 million. Statutory pretax profit, however, fell 22% to $3.3 million, and statutory EBITDA declined to $7.5 million from $8.2 million. The leak-detection and repair group also launched a preventive-maintenance business, building on paid pilots and water-monitoring partn
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