China Everbright Water recorded an 87 percent increase in revenue for 1H15, while net profit grew 27.3 percent to HK$211.3 million.
The improved performance was mainly attributable to higher construction revenue, operation services income and finance income. Gross profit margin fell 14.3 percentage points to 46.8 percent due to a larger portion of lower-margin construction revenue recognised in 1H15.
In 1H15, the new environmental protection law in China became effective and a series of policies were issued to support the waste water treatment industry, raising the importance of environmental protection to a whole new level. It is generally expected that investment in China’s water sector will increase significantly, providing new market opportunities and momentum for the development of the water industry.
Contributed by Shares Investment
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