China Water Affairs Group (HKG:0855) recorded a profit attributable to owners of HK$755.6 million for the six months ended Sept. 30, 8.5% lower than HK$825.9 million logged for the corresponding period last year, according to a Friday filing with the Hong Kong Exchange.
Earnings per share attributable to owners stood at HK$0.4629 for the reporting period, compared with HK$0.5060 recorded for the year-ago period.
The water supply company's revenue for the six months under review was HK$5.95 billion, 13% lower than HK$6.85 billion booked a year ago.
The company attributed the decrease in revenue to a decline in revenues from construction activities and an overall decrease in installation, maintenance, and construction works for certain segments.
The board recommended an interim dividend of HK$0.13 per share for the reporting period, the same as last year.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.