Home Capital Results

ecoWise reverses out of the red with 3Q earnings of $0.9 mil on higher revenue

Uma Devi
Uma Devi9/15/2019 08:46 PM GMT+08  • 2 min read
ecoWise reverses out of the red with 3Q earnings of $0.9 mil on higher revenue
As at end July, cash and cash equivalents stood at $1.98 million, while earnings per share came in at 0.09 cent, compared to a loss of 0.23 cent per share a year ago.  In its outlook statement, ecoWise says that it is in the midst of rationalising and
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Sept 15): Environmental solutions provider ecoWise reported 3Q19 ended July earnings of $0.94 million compared to a loss of $2.2 million in the same quarter last year.

Revenue for the quarter increased 9.1% to $14.7 million from $13.5 million the preceding year, on the back of higher sales of retreaded tyres and rubber compounds from the resource recovery segment.

All segments across the business displayed an increase in revenue - the group’s renewable energy segment’s revenue recorded a 3.7% increase to $2.7 million, while the integrated environmental solutions management segment’s revenue doubled to $0.4 million.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now