Waterlogic's organic revenues take a hit

Purified water dispenser maker Waterlogic saw revenues rise by nearly a fifth in the first half but the group did note a worrying drop in business-to-business (B2B) indirect channel sales.

Purified water dispenser maker Waterlogic saw revenues rise by nearly a fifth in the first half but the group did note a worrying drop in business-to-business (B2B) indirect channel sales.

Revenue increased by 19.2% from $39m to $46.5m during the six months to June 30th. Waterlogic said that organic revenue growth in B2B direct, and rental and service channels was "healthy" at 10% and 18%, respectively, though this was offset by the B2B indirect channel which saw organic revenues decline 13% on the back of difficult macroeconomic conditions.

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