China Everbright Water’s 1H15 Net Profit Leaps 27.3%

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.

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