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China Jinjiang Environment reports flat 2Q earnings of $30 mil as higher cost of sales and other losses offset revenue rise

PC Lee
PC Lee • 2 min read
China Jinjiang Environment reports flat 2Q earnings of $30 mil as higher cost of sales and other losses offset revenue rise
SINGAPORE (Aug 14): China Jinjiang Environment Holding Company reported flat 2Q19 earnings of RMB149.6 million ($29.6 million) from a year ago.
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SINGAPORE (Aug 14): China Jinjiang Environment Holding Company reported flat 2Q19 earnings of RMB149.6 million ($29.6 million) from a year ago.

Revenue for 2Q19 rose 37.6% to $934 million due to an increase in revenue from construction services provided under BOT concession agreements and an increase in revenue from WTE (waste-to-energy) business.

Revenue from WTE business increased 31.2% to RMB584.0 million in 2Q19 due to the expansion and upgrading of seven of the eight WTE facilities being completed by the end of 2Q19 and an increase in revenue from other WTE facilities.

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