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China Everbright posts 47% rise in FY17 earnings to $86.5 mil on higher revenue and finance income

Samantha Chiew
Samantha Chiew2/28/2018 02:34 PM GMT+08  • 1 min read
China Everbright posts 47% rise in FY17 earnings to $86.5 mil on higher revenue and finance income
SINGAPORE (Feb 28): China Everbright Water reported a 47% increase in full-year earnings to HK$ 513.4 million ($86.5 million) in FY17 from HK$ 349.3 million in FY16.
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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.

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