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Citic Envirotech Q2 profits dive 66% on falling revenues
Published Wed, Jul 24, 2019 · 09:50 PM
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Singapore
NET profit for Citic Envirotech (CEL) dived 66 per cent to S$14.7 million for the second quarter ended June 30, from S$43.3 million a year earlier, the wastewater treatment provider reported on Wednesday.
Q2 revenue shrank 30.3 per cent to S$202.8 million from S$291 million in Q2 2018, mainly due to a 30 per cent de…
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