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CITIC Envirotech posts 16.7% rise in FY17 earnings to $115.9 mil on higher revenue

Stanislaus Jude Chan
Stanislaus Jude Chan • 1 min read
CITIC Envirotech posts 16.7% rise in FY17 earnings to $115.9 mil on higher revenue
SINGAPORE (Feb 27): Membrane-based integrated environmental solutions provider CITIC Envirotech saw its earnings grow 16.7% to $115.9 million for the FY17 ended December, from $99.3 million a year ago.
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SINGAPORE (Feb 27): Membrane-based integrated environmental solutions provider CITIC Envirotech saw its earnings grow 16.7% to $115.9 million for the FY17 ended December, from $99.3 million a year ago.

FY17 revenue rose 66.9% to $908.8 million, from $544.6 million a year ago.

The increase was led by its membrane-based engineering segment, which saw its revenue more than double to $686.5 million, from $318.8 million a year ago.

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