China Water Affairs profit drops to HK$826m

Business | 26 Nov 2020 2:34 pm

China Water Affairs (0855) said  net profit for the half year ended September dropped by 6.2 percent to HK$826.5 million, dragged down by one-off events related to the acquisition of interests in Kangda International last financial year.

Revenue was HK$5.13 billion, representing a rise of 17.8 percent. Excluding the effect of the one-off events, net profit grew by 30.1 percent to HK$866.8 million for the six months ended September.

China Water Affairs declared an interim dividend of 15 HK cents per share, up by 7.1 percent from a year ago.



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