Written by The Edge
Mainboard-listed China Environment today announced a net profit of RMB55.8 million ($11.4 million) and revenue of RMB330.6 million for its six months ended 30 June 2010.
The figures were higher by 24.6% and 43.5% over the RMB44.8 million and RMB230.4 million recorded in the previous corresponding period respectively.
Total revenues generated by the group for the six months ended 30 June 2010 were derived from the waste gas treatment segment. For the period under review, the group completed 17 projects, with 11 others ongoing, compared to 12 projects which were completed in the six months ended 30 June 2009.
In line with higher revenues, gross profit was RMB96.2 million, rising 32.7% over the RMB72.5 million previously. Its gross profit margin remained fairly stable at 29.1% for the period (1H09: 31.5%).
The power generation segment continued to account for the main share of revenue from waste gas treatment at 95.9% while the chemical industry, at 4.0%, accounted for the rest of the revenue.
Dividend : None
