Moya back in the black with S$2.3m Q4 earnings

WATER treatment company Moya Holdings Asia has posted a net profit of S$2.33 million for the fourth quarter, reversing from a loss of S$380,000 for the same period a year earlier.

Fourth-quarter earnings per share was 0.06 Singapore cent, up from a loss per share of 0.01 cent for the fourth quarter of 2017. Revenue for the three months ended Dec 31 fell 6 per cent to S$47.3 million, owing to lower service concession construction revenue as well as lower finance income under service concession arrangements from the Tangerang and Bekasi BOT projects.

The consolidation of Acuatico Group's water sales in Indonesia into Moya's financials was also hit by currency translation effects, due to the Indonesian rupiah's depreciation against the Singapore dollar during the fourth quarter.

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