Mar 19th 2013 - Edison Investment Research today published a report on Hydrodec (HYR.L, LSE:HYR, LON:HYR) entitled "Watershed Year". In summary, the report says:
2012 has been a watershed year for Hydrodec. Sales volumes and revenues have shown their eighth successive year of growth. Crucially, the new management has laid the foundations for a step change in growth going forwards. It is in the advanced stages of forming a JV that will potentially more than double processing capacity in the US, is applying its IP to the larger industrial and engine oils markets and has strengthened the balance sheet. We are deferring issuing an indicative valuation and estimates for FY13 and beyond until the formal JV agreement is signed.
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