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SIIC Environment announces 47.3% higher 1Q earnings of $30.3 mil on higher revenue

Michelle Zhu
Michelle Zhu5/2/2019 12:39 PM GMT+08  • 2 min read
SIIC Environment announces 47.3% higher 1Q earnings of $30.3 mil on higher revenue
SINGAPORE (May 2): SIIC Environment has announced 1Q19 earnings of RMB 150.1 million ($30.3 million), rising 47.3% on-year from RMB101.9 million due to higher revenue and lower administrative expenses.
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SINGAPORE (May 2): SIIC Environment has announced 1Q19 earnings of RMB 150.1 million ($30.3 million), rising 47.3% on-year from RMB101.9 million due to higher revenue and lower administrative expenses.

This translates to diluted earnings per share (EPS) of RMB5.76 cents, up 1.85 percentage points from RMB3.91 cent per share in 1Q18.

Revenue for the latest quarter rose 13.4% to RMB1.3 billion from RMB1.2 billion a year ago on the back of improved revenue contributions across all business divisions, supported by a relatively higher amount of construction activities, as well as greater water treatment and supply sales volume from existing entities.

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