In Brief - Asia
- From: Vol 9, Issue 9 (September 2008)
- Category: Brief
- Region: Asia
- Country: China
- Related Companies: Asia Water Technology, Bio-Treat Technology, inge AG, Kemira/ Kemwater and Keppel Seghers
* Bio-Treat announced its full-year results for the period ended 30 June 2008 on 29 August, revealing that revenues slumped by 11.6% to RMB1.4 billion (USD204 million), while net profits were down by 62%, at RMB125 million (USD18 million).
The company also announced that it would not be paying a dividend this year, and its accounts show a bad debt provision of RMB139.5 million in fiscal 2008, up 321.2% from 2007.
* To add to the company’s woes, Bio- Treat is currently seeking legal advice after receiving notice from a further four holders of its SGD206 million ...
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