Water treatment company Citic Envirotech doubles bottomline

Singapore

WATER treatment solutions provider Citic Envirotech has reported a doubling of its bottomline for the year ended Dec 31, 2016.

Its net profit attributable to shareholders climbed to S$99.3 million for FY2016, from S$48.3 million for FY2015.

The company changed its financial year-end from Mar 31 to Dec 31 during the previous financial year, but provided a 12-month statement for the period from Jan 1, 2015, to Dec 31, 2015 (FY2015) for comparison.

Citic Envirotech's revenue for the 12 months ended Dec 31, 2016, jumped 62.1 per cent year-on-year to S$544.6 million, from S$336.0 m…