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CITIC Envirotech 2Q earnings fall 7.8% to $21 mil on lower revenue

Jude Chan
Jude Chan7/25/2017 6:5 PM GMT+08  • 1 min read
CITIC Envirotech 2Q earnings fall 7.8% to $21 mil on lower revenue
SINGAPORE (July 25): CITIC Envirotech posted a 7.8% drop in 2Q earnings ended June to $21 million, from $22.8 million a year ago.
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SINGAPORE (July 25): CITIC Envirotech posted a 7.8% drop in 2Q earnings ended June to $21 million, from $22.8 million a year ago.

Revenue in 2Q slipped 4.0% to $134.4 million, from $140.0 million a year ago.

The decline was mainly due to a 46.7% decrease in revenue from its membrane business to $9.0 million as a result of the completion of a major project.

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