Amiad Filtration sees FY results in line, further gradual growth in 2007

Amiad Filtration Systems Ltd said it expects to report full-year results in line with market expectations, with revenues likely to increase by about 5 pct to just over 44 mln usd, compared to 42.4 mln in 2005.

The water filter firm said in a trading update that it experienced a recovery in the second half of the year, with revenues growing by close to 10 pct compared to a year ago, as it delivered its first water treatment project in Russia and began sales in India.

Thread filter sales, while still a small part of the business, look set to achieve ’significant growth’ this year, it said.

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