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China Everbright Water reports 27% rise in 3Q earnings to $32 mil

PC Lee
PC Lee11/14/2019 03:05 PM GMT+08  • 2 min read
China Everbright Water reports 27% rise in 3Q earnings to $32 mil
SINGAPORE (Nov 14): China Everbright Water has reported 3Q19 earnings of HK$183 million ($31.9 million), or HK$0.065, up 27% from a year ago.
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SINGAPORE (Nov 14): China Everbright Water has reported 3Q19 earnings of HK$183 million ($31.9 million), or HK$0.065, up 27% from a year ago.

In 3Q19 ended September, the environmental protection company with a focus on water recycling, recorded revenue of HK$1.374 billion, representing an increase of 33% versus the same quarter a year ago.

Gross profit increased 24% y-o-y to HK$462 million with a gross profit margin of 34%. EBITDA amounted to HK$372 million, representing an increase of 20% y-o-y.

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