Source - Alliance News

Eneraqua Technologies PLC - London-based energy and water efficiency solutions provider - Says year is ‘progressing as expected’ with high activity through ongoing and new contracts, and positive operating cash flow. Water business’s control flow technology is still making good progress and Eneraqua is currently finalising a contract with a ‘major water utility’. Vriend business is being integrated into wider operations following acquisition in April and will allow the company to develop its business further in Europe. Eneraqua also successfully established a new manufacturing site near Madrid and expects it to allow it to expand its product range, enhance production capacity and reduce costs. Finally, it recently received an order to install Control Flow in 28 student housing developments in Spain.

Current stock price: 138.00 pence, up 6.2% on Wednesday

12-month change: down 48%

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