Corporate digest

Moya Holdings Asia

THE water treatment firm has posted a net profit of S$2.33 million for the fourth quarter, reversing from a loss of S$380,000 for the same period a year earlier.

Revenue for the three months ended Dec 31 fell 6 per cent to S$47.3 million, owing to lower service concession construction revenue as well as lower finance income under service concession arrangements from the Tangerang and Bekasi BOT (Build Operate Transfer) projects. The consolidation of Acuatico Group's water sales in Indonesia into Moya's financials was also hit by currency translation effects, due to the rupiah's depreciation against the Singapore dollar.