Grandblue Environment Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 27, 2020 at 07:55 pm
Share
Grandblue Environment Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 1,411.203 million compared to CNY 1,253.976 million a year ago. Operating income was CNY 172.350 million compared to CNY 222.543 million a year ago. Net income was CNY 135.788 million compared to CNY 190.526 million a year ago. Basic earnings per share from continuing operations was CNY 0.18 compared to CNY 0.25 a year ago.
Grandblue Environment Co Ltd is a China-based company mainly engaged in solid waste treatment business. The Company is also engaged in energy business, water supply business and drainage business. The solid waste treatment business focuses on the incineration of domestic waste to generate electricity, and the treatment of pollution sources such as food waste, sludge, industrial waste, agricultural waste, medical waste, large garbage, and garden waste. The energy business includes multi-energy supply businesses such as pipeline natural gas, bottled gas, and hydrogen. The water supply business has a full industrial chain of water supply services, including water intake, water production, water delivery to end customer service. The drainage business has a full industrial chain of drainage services including pipeline network maintenance, pump station management, and sewage treatment plant operation management.