Just Water International Increase Profit, And Dividend is Likely

Friday 3 March 2017, 3:48PM
By Beckie Wright

The directors of Just Water International Ltd last week announced a net profit before tax of $1.1 million for the half year ended 31 December 2016, which was a 14% increase on the previous year.

Cash flow generated $2.3 million (2015 $1.6 million) and debt reduced to $0.4 million (2015 $1.1 million). The directors advised that they believe the company is in a position to recommend the resumption of a dividend for the full year.

The new Head Office in Auckland, opened by the former Prime Minister, John Key in September 2016, has been valued at $4.6 million, a 7% increase over its cost including the $1.0 million spent on refurbishment. The Company intends to continue its share buyback programme.

Just Water offer New Zealand’s largest range of products, ranging from bottled water delivery to your premises, free-standing water coolers, through to plumbed-in systems, under-bench solutions, and units that provide both chilled and boiling water.  Environmentally speaking, their mission is to make a difference to the lives of their customers by enhancing their working and living environments, and their Environmental Plus policy ensures that their products are environmentally friendly too.

All the Just Water delivery areas are clustered and optimised to lessen their overall carbon footprint and all waste paper is recycled.  At the end of their working life, all their coolers are disposed of in an environmentally friendly manner that carries a Certificate of Stewardship and all their cleaning and sanitising products are biodegradable.

To find out more about Just Water and their products and services, please visit the website at http://www.justwater.co.nz .