HONG KONG, July 27, 2015 - (ACN Newswire) - CT Environmental Group Limited ("CTEG" or the "Company", together with its subsidiaries, the "Group"; stock code: 1363), a provider of one-stop centralised and customised wastewater treatment, industrial water supply and sludge treatment services in China, today announced that the Company expects to record an increase in its consolidated profit attributable to the equity holders of the Company for the six months ended 30 June 2015 by not less than 50% as compared to the corresponding period in 2014.
The expected increase in its consolidated profit attributable to the equity holders of the Company is mainly attributable to: (1) profit contributions from acquisition of a large wastewater treatment project and a large sludge treatment project, both of which was consolidated into the Group with effect from May 2014 so that each of them have six months contribution for the six months ended 30 June 2015 while there was only two months contributions in the corresponding period in 2014; and (2) profit contributions from the signing of various asset operation agreements since the second half of 2014 in respect of certain wastewater treatment facilities and hazardous waste treatment facilities, all of which do not have any profit contributions to the corresponding period in last year.
For more details, please refer to the HKEx links below: Chinese: http://www.hkexnews.hk/listedco/listconews/sehk/2015/0727/LTN201507271067_C.pdf
English: http://www.hkexnews.hk/listedco/listconews/sehk/2015/0727/LTN201507271066.pdf
About CT Environmental Group Limited
Headquartered in Guangdong province, CTEG provides one-stop centralized and customized wastewater treatment and industrial water supply services. CTEG has historically focused on providing wastewater treatment and industrial water supply services to the textile industry and has subsequently extended wastewater treatment services to pulp and paper-making as well as the food and beverage industry, with future plans to expand into other industries. The Group currently operates treatment facilities in Guangdong and Hunan provinces, and is building a new facility in Sichuan province. These facilities have daily aggregate constructed capacities of 515,000 m3 for wastewater treatment and 210,000 m3 for industrial water supply. Projects under construction or in the pipeline have total designed daily capacities of 385,000 m3 for wastewater treatment and 100,000 m3 for industrial water supply. The Group is also engaged in the sludge treatment business. The sludge treatment facilities have commenced operations in the second half year of 2013, and have an daily aggregate capacity of 2,442 tonnes for sludge treatment. On 6 March 2014, CTEG was honored as a "Green Participant" in the "Hang Seng Pan Pearl River Delta Environmental Awards" jointly organized by Hong Kong Hang Seng Bank and Federation of Hong Kong Industries. Since May 30, 2014, CTEG has been included as a constituent of Morgan Stanley Capital International (MSCI) China Small Cap Index. Since 8 Sep 2014, CTEG has been included as a constituent of Hang Seng Global Composite Index (HSGCI), Hang Seng Infrastructure Index (HSII), and Hang Seng Composite Index(HSCI) series, including Hang Seng Composite Index, Hang Seng Composite Industry Index -Utilities as well as Hang Seng Composite SmallCap Index.
Source: CT Environmental Group Limited
Contact:
Strategic Financial Relations (China) Limited Ms. Karen Hung Tel: +852 2864 4845 Email: karen.hung@sprg.com.hk Ms. Janice Au Tel: +852 2864 4874 Email: janice.au@sprg.com.hk
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