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Canvest Environmental Protection Group's H1 Profit Up Nearly 26%

MT Newswires ·  {{timeTz}}

03:34 AM EDT, 08/23/2022 (MT Newswires) -- Canvest Environmental Protection Group's (HKG:1381) first-half profit jumped 25.6% on higher revenue, according to a Tuesday midday filing.

Attributable profit for the six months through June 30 rose to HK$774 million ($98.6 million), or HK$0.319 per share, from HK$616.1 million, or HK$0.254 per share, a year earlier.

Revenue grew 52.5% to HK$4.11 billion from HK$2.70 billion a year earlier as power sales and waste treatment revenue rose 30.2% to HK$1.77 billion.

Canvest declared a dividend of HK$0.062 per share, payable Oct. 31 to shareholders as of Sept. 16.

Shares ticked nearly 2% lower in Tuesday afternoon trading.

Price (HKD): $4.70, Change: $-0.08, Percent Change: -1.67%

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