Waterlogic eyes 23% jump in annual revenues

Water cooler maker Waterlogic, which last year bought Perth-based Aqua Cure Scotland, today said it is set to report a 23 per cent jump in revenues for the past financial year.

Revenues for 2013 are expected to be about $124 million (£75.8m), up from $101m a year earlier, and the Aim-quoted firm said underlying pre-tax profits should meet City hopes.

As well as the takeover of Aqua Cure Scotland, the company acquired Australian rival Cool Clear Water in what the firm described as a “year of significant progress”, which also it launch products in Italy, Japan and Turkey.

Full-year results are due to be announced on 7 April.