SIIC Environment Holdings Ltd first profit declines over lower construction revenue

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pstrongThe company generally had a lacklustre performance during the quarter./strong/p pSIIC Environment Holdings Ltd. reported a 15.8% decline in its net profit attributable to shareholders in the first quarter of 2024 (Q1 2024) to $23.63m (RMB126.3m) mainly due to lower revenue.

SIIC Environment Holdings Ltd. reported a 15.8% decline in its net profit attributable to shareholders in the first quarter of 2024 to $23.63m mainly due to lower revenue.

Meanwhile, the company said its net profit also fell 15.3% to $38.35m in the first quarter. For the rest of the year, SIIC Environment expects recent green policies in China to drive growth and business development opportunities. These measures have also presented opportunities to upgrade and construct equipment for wastewater treatment and water supply business, it added.

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