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Leader Environmental Technologies back in the black in 3Q16

Jude Chan
Jude Chan11/14/2016 08:29 AM GMT+08  • 2 min read
Leader Environmental Technologies back in the black in 3Q16
SINGAPORE (Nov 14): Leader Environmental Technologies is back in the black, posting earnings of RMB 2.3 million ($0.48 million) in 3Q16.
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SINGAPORE (Nov 14): Leader Environmental Technologies is back in the black, posting earnings of RMB 2.3 million ($0.48 million) in 3Q16.

This was mainly due to the absence of other expenses of RMB 250.4 million which was incurred last year due to the impairment charges recognised mainly on the investment in associate, trade receivables and advances to supplier.

Revenue tripled to RMB 21.1 million in the quarter ended Sept, compared to RMB 7.1 million in 3Q15.

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