SINGAPORE (Feb 28): China Everbright Water reported a 47% increase in full-year earnings to HK$ 513.4 million ($86.5 million) in FY17 from HK$ 349.3 million in FY16.
Revenue for FY17 ended Dec 31 came in at HK$ 3.59 billion, 44% higher than HK$ 2.49 billion in the previous year. This came on the back of higher construction revenue, operation service income and finance income.
Construction revenue increased by HK$ 978 million due to the construction of several water environment management projects in addition to the expansion and upgrading of several wastewater treatment plants which were under construction during FY17.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
