, Singapore

Everbright Water's profits up 35% to $21.42m in Q3

Construction projects boosted its revenue.

China Everbright Water's profits jumped by 35% YoY from $15.9m (HK$91.1m) to $21.42m (HK$122.76m) in Q3.

According to its financial statement, revenue increased by 35% YoY from $96.6m (HK$553.49m) to $130.22m (HK$746.14m), largely thanks to an increase in construction revenue.

The segment's revenue increased thanks to the construction of the sponge city construction project and the river-basin ecological restoration project, in addition to the expansion and upgrading of several wastewater treatment plants.

Cost of sales also jumped by 36% YoY to $78.35m (HK$448.98m), due to higher costs from plentier construction services.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Strides Premier enhances routing with Autofleet tech
The Singaporean taxi operator will utilise Autofleetā€™s platform to improve route planning and dispatching.
RGE and Singapore Fashion Council launch ā€˜Responsible Fashion Scholarshipā€™
It is open for Singaporean citizens or permanent residents in full-time undergraduate or postgraduate programs at recognized institutions.
HR & Education