Hydro profits rise in first half

WATER treatment group Hydro International’s pre-tax profits rose by 53.9 per cent to £950,000 in the six months to the end of June.

Revenue increased 23.8 per cent to £13.7m while operating profits rose by 36.8 per cent to £1.04m.

Chief executive Steve Hides said: “Significant progress has been made in the half with accelerated progress on key wastewater contracts.

“The group remains financially strong and well placed to deal with the short term challenges posed by the current economic environment,” he added.