Corporate digest

China Everbright Water

CHINA Everbright Water reported a 16 per cent rise in first-quarter net profit to HK$206.4 million (S$36 million), from HK$178.1 million for the year ago period. Revenue for the three months to end-March rose 26 per cent to HK$1.31 billion from HK$1.04 billion a year ago.

The increase was mainly attributable to the increase of HK$205.3 million in construction revenue, HK$49.5 million in operation revenue and HK$17.6 million in finance income.