The Business Times
business-time-50

Lower tax rate prompts China Jinjiang to revise up 2018 profit by 23.9m yuan

google-preferred-sourceAdd BT as a preferred source
Published Fri, Apr 12, 2019 · 09:50 PM

Singapore

CHINESE waste-to-energy firm China Jinjiang Environment Holding Company on Friday said a 23.9 million yuan (S$4.8 million) difference between its audited and unaudited 2018 net profit was due to a subsidiary enjoying a retrospectively lower tax rate, after being certified as a "national high-tech enterprise".

Accordingly, audited full-year net profit was 565 million yuan for 2018, up from the 541.1 million yuan profit reported in its unaudited financial statements.

zheneng jinjiang envWasteElectricityFinancial results

TRENDING NOW

Vincent Tan, founder of Berjaya Group, has reduced his holdings in multiple companies within the group.

Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan

The ringgit has weakened in spite of robust domestic fundamentals, including stronger trade data and steady inflation.

Ringgit sinks to seven-month low despite record bond inflows as Fed fears dominate

Altitude Xperience argued that the rooftop space in contention was not considered an unused space.

Simba ordered to pay S$700,000 in damages to indoor skydiving operator Altitude Xperience for trespass

From October 2027, Qantas will fly Sydney to London non-stop – the world’s longest scheduled flight, taking up to 22 hours.

What Qantas’ Project Sunrise really means for Singapore

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More