Mixed fortunes in China
- From: Vol 9, Issue 5 (May 2008)
- Category: General
- Region: Asia
- Country:
- Related Companies: Beijing Jingcheng Water, Eguard, Nanhai Development , Qinhuangdao Shouchuang Water and Xuzhou Shouchuang Water
Beijing Capital’s 2007 results justify the meteoric rise in its share price last year. Kathy Liu finds that the Year of the Pig was not kind to everyone.
Beijing Capital has published a strong set of financial results for 2007, with profits rising 43.8% to RMB240 million (USD30 million). Total revenue was RMB1.01 billion, up 21% on 2006.
Around 80% of the company’s revenues come from water and wastewater treatment, and the growth last year came from continued momentum and high tariffs in the core ...
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