Road Environment Technology.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2022
April 21, 2022 at 09:25 am
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Road Environment Technology.,Ltd reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 57.11 million compared to CNY 49.49 million a year ago. Revenue was CNY 57.11 million compared to CNY 49.49 million a year ago. Net income was CNY 3.84 million compared to CNY 8.39 million a year ago. Basic earnings per share from continuing operations was CNY 0.04 compared to CNY 0.09 a year ago. Diluted earnings per share from continuing operations was CNY 0.04 compared to CNY 0.09 a year ago.
Road Environment Technology Co Ltd is a China-based company mainly engaged in the research and development and industrial application of food and beverage residues, high-concentration brewing wastewater, sludge and solid waste harmless treatment and resource utilization technology. The Company focuses on the treatment and utilization of high water content waste such as distiller's grains, brewing wastewater, river and lake sludge, and engineering mud. Its main products and services include production and sales of distiller's grain bio-fermentation feed, river and lake sludge, and engineering mud treatment services. The Company primarily operates in the domestic market.