Beijing Enterprises Environment's half-year revenue, profit rise
Beijing Enterprises Environment's half-year revenue, profit rise
Overview
China waste management firm's half-year revenue rose 4.2% yr/yr to RMB752.96 mln
Profit attributable to owners up 22.9% yr/yr, EPS reached RMB10.41 cents
Board does not recommend interim dividend for the period
Outlook
Company did not provide specific guidance or outlook for the current or future periods
Result Drivers
LOWER COST OF SALES – Gross profit rose 14.6% as cost of sales fell to RMB410.38 mln from RMB423.45 mln, lifting margin to 45.5% from 41.4%
DIVERSIFIED WASTE SERVICES – Higher sludge co-treatment and steam supplies helped offset core-business revenue shortfalls, with volumes up 27.8% and 39.9% yr/yr, respectively
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| RMB 752.96 mln |
|
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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