Moya says it is pleased with its progress in the post-merger integration of Acuatico and is focusing on the execution of its two concession arrangements and one bulk water project undertaken by its subsidiaries.
SINGAPORE (Apr 30): Water company Moya Holdings Asia reported 1Q18 earnings surged more than sixfold to $8.8 million from $1.3 million a year ago after finance income under service concession arrangements in 1Q17 was reclassified as revenue.
Revenue nearly quadrupled to $45.1 million from $12.2 million mainly due to the inclusion of water sales of $31.3 million contributed by the Acuatico Group which is in the business of developing and operating water treatment facilities and associated distribution pipelines for the distribution of clean water in Indonesia.
