Written by The Edge
Sinomem Technology, the developer of advanced membrane materials for wastewater treatment, says it achieved a 52% rise in profit attributable to equity holders to $16.1 million for first half ended 30 June 2010.
Group revenue increased 24% y-o-y to $66.6 million whereas cost of sales increased relatively at a slower pace of 17%. Sinomem says all three core business segments reported higher profit margin as a result of improving global business environment.
First half’s earnings per share rose to 3.21 cents, from 2.31 cents a year earlier.
Net asset value per share improved to 52.7 cents, of which 20% or $52.4 million were made up of cash and cash equivalents.
Dividend : None
