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CITIC Envirotech 2Q earnings fall 66% to $15 mil on lower sales

PC Lee
PC Lee • 2 min read
CITIC Envirotech 2Q earnings fall 66% to $15 mil on lower sales
SINGAPORE (July 24): CITIC Envirotech, the provider of environmental engineering services, reported a 65.6% fall in 2Q19 earnings ended June to nearly $15 million from $43.5 million a year ago.
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SINGAPORE (July 24): CITIC Envirotech, the provider of environmental engineering services, reported a 65.6% fall in 2Q19 earnings ended June to nearly $15 million from $43.5 million a year ago.

This brings 1H earnings ended June down 77.3% to $19.4 million.

Revenue fell 30.3% to $202.8 million as sales from its engineering business fell 30% to $79 million while sales from membrane systems fell 44.7% to $67.9 million.

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