SIIC Environment Holdings has reported earnings of RMB160.1 million ($33.0 million) for the 1QFY2021 ended March, 23.1% higher than earnings of RMB130.1 million in the year before.

Revenue surged 54% y-o-y to RMB1.62 billion, while gross profit increased 34.1% y-o-y to RMB553.5 million.

The company’s construction income increased by over two folds y-o-y to RMB571 million, mainly due to the delay in construction projects during the Covid-19 outbreak in the 1QFY2020.

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