Kunming Dianchi Water predicts higher revenue

Business | 21 Aug 2019 2:45 pm

Guo Yumei, chairwoman and executive director of Kunming Dianchi Water Treatment (3768), expects the company's recycled water business in Kunming continue to outperform next year, with an estimated daily production capacity of 272,000 cubic meters.

Guo predicts that revenue will surge by 10 times in the next three years.

The company has saved costs of 70 million yuan (HK$77.8 million) last year, said Guo, adding that the company's gross profit margin will improve within this year.

Kunming Dianchi Water earlier reported that net profit grew by 12.6 percent year-on-year to 149.5 million yuan.

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