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SIIC Environment sees 3Q earnings rise 17.2% to $22.6 mil on higher sales across all businesses

PC Lee
PC Lee11/9/2017 07:15 PM GMT+08  • 1 min read
SIIC Environment sees 3Q earnings rise 17.2% to $22.6 mil on higher sales across all businesses
SINGAPORE (Nov 9): SIIC Environment Holdings, the water treatment and environmental protection company, reported 3Q earnings rose 17.2% to RMB110.2 million ($22.6 million) from RMB94.0 million a year ago.
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SINGAPORE (Nov 9): SIIC Environment Holdings, the water treatment and environmental protection company, reported 3Q earnings rose 17.2% to RMB110.2 million ($22.6 million) from RMB94.0 million a year ago.

Revenue more than treble to RMB1.36 billion from RMB394.9 million a year ago, lifted by higher sales across all business divisions as the group continues to build up capacity and extends its geographical reach across China.

Gross profit increased 92.2% to RMB1.06 billion from RMB549 million for the same period under review. Profit from operations improved by 107.4% y-o-y to RMB837 million from RMB403 million.

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