SIIC Environment’s net profit attributable to shareholders surges
60.9% to RMB129.6 million for 1HFY2014
• Net profit attributable to shareholders increased 60.9%, from RMB80.5 million in
1HFY2013 to RMB129.6 million in 1HFY2014
• Revenue increased 41.3% yoy to RMB679.6 million on higher sales in the
construction, water treatment & water supply and waste incineration business
segments
• Higher net profit came on the back of contribution from new acquisitions in both
water and waste incineration business segments
• Poised to strengthen market position with its recent foray into China’s North Eastern
region
SINGAPORE, 3 August 2014 – SGX Mainboard-listed water treatment and environmental
protection company SIIC Environment Holdings Ltd. (“SIIC Environment”, the “Company”,
and together with its subsidiaries or collectively as the “Group”), recorded a 60.9% year-onyear
(“yoy”) increase in its net profit attributable to shareholders to RMB129.6 million for its
first half ended 30 June 2014 (“1HFY2014”).
“With our healthy first half results, we believe we are on track for a better performing
year. In light of the consolidation trend in China’s environmental protection sector, we
have continued our M&A approach to increase our market share in this industry. Our
recent placement to raise S$154.8 million will help to drive expansion and upgrading of
project phases and acquisitions of viable assets to strengthen our growing portfolio of
water and environment related assets. Recently, we have extended our footprint into
China’s North Eastern region through our acquisition of partial shareholdings in Longjiang
Environmental Protection Group, one of the leading water players in that region.”
Mr. Zhou Jun, Executive Chairman of SIIC Environment