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China Everbright Water 1H earnings rise 41% to $44.4 mil

PC Lee
PC Lee8/7/2017 8:3 PM GMT+08  • 1 min read
China Everbright Water 1H earnings rise 41% to $44.4 mil
SINGAPORE (Aug 7): China Everbright Water, the environmental protection company, reported 41% higher 1H17 earnings ended June of HK$255 million ($44.4 million) from HK$180.6 million from a year ago.
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SINGAPORE (Aug 7): China Everbright Water, the environmental protection company, reported 41% higher 1H17 earnings ended June of HK$255 million ($44.4 million) from HK$180.6 million from a year ago.

For 1H17, the group reported revenue of HK$1.6 billion, an increase of 24% as compared to the corresponding period in last year, which was mainly attributable to the increase in construction revenue.

The increase in construction revenue was mainly attributable to the construction of the sponge city construction project in Zhenjiang City and the river-basin ecological restoration project in Nanjing City, in addition to the upgrading of several waste water treatment projects that were under construction during the period under review.

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