Corporate digest

SIIC Environment Holdings

THE mainboard-listed waste-water treatment firm on Thursday said its indirect 58 per cent-owned subsidiary has signed a supplementary agreement for the upgrading and expansion of a wastewater treatment project in Baoqing, in Heilongjiang province in China.

The group further announced that it recently started commercial operations on seven wastewater treatment projects amounting to a total capacity of 250,000 tonnes. It expects these commercially operational projects to contribute positively to the group's performance going forward, as will its newly-awarded project in Baoqing.

Koufu

KOUFU Group is expecting both revenue and operating profits for FY2021 to be hit by the latest one-month ban on dining-in, and said it will not recover to pre-Covid levels.

The food court-operator said the group's total revenue on a same-stores basis, excluding new outlets, fell by 10 per cent for the Jan 1 to April 30 period, from the corresponding period in 2019, pre-Covid.

The group said that although its revenue for the first four months of 2021 showed further improvement over that of the last few months of 2020, it expects revenue and operating profits for the period starting this month to be hit again because of the ban on dining out.