SINGAPORE (Nov 14): SIIC Environment Holdings, the China-based water treatment and environmental protection company, announced 3Q18 earnings of RMB114.3 million ($22.7 million), up 3.7% from a year ago on lower costs.

Total 3Q18 revenue fell 21% to RMB1.07 billion due to 58.5% lower construction sales of RMB303.9 million on lower activities during the quarter.

This was offset by sales from operating and maintenance income from service concession arrangements came in 23.1% higher at RMB473.8 million and contribution from newly acquired entities and higher financial income from service concession arrangements which rose 15.2% to RMB208.3 million.

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