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CITIC Envirotech’s 3Q earnings up 57.4% to $23.6 mil

Jude Chan
Jude Chan10/26/2016 07:21 PM GMT+08  • 2 min read
CITIC Envirotech’s 3Q earnings up 57.4% to $23.6 mil
SINGAPORE (Oct 26): Membrane-based water treatment solutions provider CITIC Envirotech saw earnings surge 57.4% to $23.6 million in 3Q16, compared to $15.0 million in the same quarter last year.
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SINGAPORE (Oct 26): Membrane-based water treatment solutions provider CITIC Envirotech saw earnings surge 57.4% to $23.6 million in 3Q16, compared to $15.0 million in the same quarter last year.

Total revenue almost doubled to $137.1 million for the quarter ended Sept, from $70.9 million in 3Q15, on the back of better performance across all three business segments.

CITIC Envirotech’s engineering division led the way with revenue of $83.0 million for 3Q, three times higher than the$27.7 million recorded in 3Q15.

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