Chongqing Water Group Co.,Ltd. Provides Earnings Guidance for the Full Year of Fiscal 2017
January 25, 2018
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Chongqing Water Group Co.,Ltd. provided earnings guidance for the full year of fiscal 2017. For the year, the company expects a year-on-year increase of about RMB 1,015.78 million in its net profit owned by shareholders of the listed company in 2017, with a year-on-year increase of about 95%. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will increase by about RMB 1,054.35 million, with a year-on-year increase of about 119%.
Chongqing Water Group Co., Ltd. is a China-based company, principally engaged in the investment, operation, construction and management of urban water supply and drainage projects. The Company also engages in the management of urban water supply and drainage system devices, as well as design of water supply and drainage engineering, and provision of technology consulting services. The Company operates its businesses through sewage treatment business, the distribution of tap water, engineering construction, as well as other businesses. The Company operates its businesses primarily in Chongqing, China.