Citic Envirotech doubles profit for FY2016
Add BT as a preferred source
Michelle Quah
DeeperDive is a beta AI feature. Refer to full articles for the facts.
CITIC Envirotech reported on Wednesday a doubling of its bottom line for the year ended Dec 31, 2016.
Its net profit attributable to shareholders climbed to S$99.3 million for FY2016, from S$48.3 million for FY2015.
Its revenue for the period jumped 62.1 per cent year on year to S$544.6 million, from S$336.0 million.
The integrated water solution provider said this was due mainly to the improved performance of its engineering business.
Citic Envirotech shares closed 1.5 Singapore cents down at S$0.77 on Wednesday.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
