Excluding the forex loss, the group’s earnings would have been up by 33.5% y-o-y to RMB540.3 million.
Zheneng Jinjiang Environment (SGX:BWM
) has reported earnings of RMB325.0 million ($63.1 million) for the FY2022 ended Dec 31, 2022, 24.8% lower than FY2021’s earnings of RMB432.5 million.
The decline in earnings includes an unrealised foreign exchange (forex) loss in relation to the group’s net foreign currency borrowings during the year.
