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Print Text: A A

Topics News & Markets

H2O Innovation Q2 net loss more than doubles to$1.2M; revenue rises to $7M

By The Canadian Press | February 14, 2012

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QUEBEC CITY, Que. - Stock in H2O Innovation Inc. (TSXV:HEO) tumbled almost 15 per cent Tuesday after the water and sewage treatment technology company reported its second-quarter losses more than doubled.

Quebec-based H2O reported a net loss $1.2 million or two cents per share for the three-month period ended Dec. 31.

That compared with a loss of $523,693 or less than a penny per share in the same 2010 period.

Revenue rose to $7 million from $6.4 million.

On the TSX Venture Exchange, the company's stock was down four cents, or 14.81 per cent, at 23 cents Tuesday morning.

H2O Innovation designs, manufactures and integrates custom-built water treatment systems for the production of drinking water and industrial process water and the treatment of wastewater in the municipal, commercial, institutional, industrial, mining and energy markets.

Print Text: A A

Topics News & Markets

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