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China Jinjiang's 4Q earnings up 10.5% to $43 mil on higher sales

PC Lee
PC Lee2/28/2018 09:19 AM GMT+08  • 2 min read
China Jinjiang's 4Q earnings up 10.5% to $43 mil on higher sales
SINGAPORE (Feb 28): China Jinjiang Environment reported a 10.5% rise in 4Q earnings to RMB204.7 million ($43 million) from a year ago as the country's clean energy sector goes through a phase of high growth and development.
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SINGAPORE (Feb 28): China Jinjiang Environment reported a 10.5% rise in 4Q earnings to RMB204.7 million ($43 million) from a year ago as the country's clean energy sector goes through a phase of high growth and development.

Revenue in 4Q17 increased 10.4% to RMB858.6 million due mainly to a 131.5% increase in revenue from its EMC business to RMB199 million. Revenue from waste-to-energy (WTE) business decreased by 5.1% to RMB24.4 million and revenue from construction services provided under build-operate-transfer (BTO) concessions decreased 3.8% to RMB203.1 million.

Cost of sales increased 3.8% to RMB505.7 million resulting in a 21.4% rise in gross profit to $352.9 million.

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