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SIIC Environment posts 15.2% drop in 1Q earnings to $21.5 mil on one-off listing expenses

Stanislaus Jude Chan
Stanislaus Jude Chan5/14/2018 07:04 PM GMT+08  • 2 min read
SIIC Environment posts 15.2% drop in 1Q earnings to $21.5 mil on one-off listing expenses
SINGAPORE (May 14): SIIC Environment Holdings saw its earnings fall 15.2% to RMB 101.9 million for the 1Q ended March, from RMB 120.1 million a year ago.
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SINGAPORE (May 14): SIIC Environment Holdings saw its earnings fall 15.2% to RMB 101.9 million for the 1Q ended March, from RMB 120.1 million a year ago.

This was mainly due to expenses of RMB 28.0 million incurred during the quarter related to its dual primary listing on the Mainboard of the Hong Kong Stock Exchange (HKEX).

1Q18 group revenue grew 17.8% to RMB 1.18 billion, from RMB 999.7 million a year ago, on the back of higher sales across all business divisions.

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