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HONG KONG, July 27, 2015 - (ACN Newswire) - CT Environmental Group Limited ("CTEG" or the "Company", together with its subsidiaries, the "Group"; stock code: 1363), a provider of one-stop centralised and customised wastewater treatment, industrial water supply and sludge treatment services in China, today announced that the Company expects to record an increase in its consolidated profit attributable to the equity holders of the Company for the six months ended 30 June 2015 by not less than 50% as compared to the corresponding period in 2014.
The expected increase in its consolidated profit attributable to the equity holders of the Company is mainly attributable to: (1) profit contributions from acquisition of a large wastewater treatment project and a large sludge treatment project, both of which was consolidated into the Group with effect from May 2014 so that each of them have six months contribution for the six months ended 30 June 2015 while there was only two months contributions in the corresponding period in 2014; and (2) profit contributions from the signing of various asset operation agreements since the second half of 2014 in respect of certain wastewater treatment facilities and hazardous waste treatment facilities, all of which do not have any profit contributions to the corresponding period in last year.
For more details, please refer to the HKEx links below:
Chinese:
www.hkexnews.hk/listedco/listconews/sehk/2015/0727/LTN201507271067_C.pdf
English:
www.hkexnews.hk/listedco/listconews/sehk/2015/0727/LTN201507271066.pdf
Contact:
Strategic Financial Relations (China) Limited
Ms. Karen Hung
Tel: +852 2864 4845
Email: karen.hung@sprg.com.hk
Ms. Janice Au
Tel: +852 2864 4874
Email: janice.au@sprg.com.hk
Topic: Earnings
Source: CT Environmental Group Limited
Sectors: Daily Finance
https://www.acnnewswire.com
From the Asia Corporate News Network
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