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China Everbright Water reports 32% y-o-y higher FY18 earnings of $116.5 mil on revenue surge

Michelle Zhu
Michelle Zhu • 2 min read
China Everbright Water reports 32% y-o-y higher FY18 earnings of $116.5 mil on revenue surge
SINGAPORE (Feb 20): China Everbright Water has announced FY18 earnings of HK$676.5 million ($116.5 million), growing 32% y-o-y from HK$513.4 million a year ago on the back of higher revenue.    
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SINGAPORE (Feb 20): China Everbright Water has announced FY18 earnings of HK$676.5 million ($116.5 million), growing 32% y-o-y from HK$513.4 million a year ago on the back of higher revenue.

Revenue for the full year grew 33% to HK$4.8 billion due to higher construction revenue, operation revenue and finance income.

The growth in revenue from the construction segment came mainly from the group’s sponge city construction project and water supply projects, in addition to the expansion and upgrading of several waste water treatment projects under construction during FY18;

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