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Revenue falls 6pc at China Water Affairs

Lulu Chen

China Water Affairs Group, an integrated water services operator, said revenue fell for the six months to September because of the ceasing of income contributions from an infrastructure project completed last year. Revenue was down 6 per cent at HK$627 million from the same period last year. China Water Affairs, which has more than 20 joint ventures on the mainland, said gross profit rose 15 per cent year on year to HK$290 million. Profit attributable to shareholders increased 20 per cent to HK$271 million. The company will pay an interim dividend of 2 HK cents per share.

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