Zhongde Waste Technology AG announced earnings results for the year 2013. In the financial year 2013, the company generated revenues of EUR 12.3 million, a year on year loss of 50.0% against EUR 24.8 million a year ago. This decrease was mainly caused by the delayed progress in the construction of ZhongDe's current BOT projects Kunming and Xianning as well as by the interruption of the construction of the two EPC projects in Zhucheng and Dingzhou. EBIT was improved by EUR 5.1 million or 41.0% to negative EUR 7.4 million against negative EUR 12.6 million a year ago mainly due to the successful sale of the manufacturing site for small-size incinerators in Beijing Miyun, which contributed other income of EUR 10.3 million. The net result increased by 32.0% to negative EUR 8.3 million against negative EUR 12.2 million a year ago.

The company expects a rapid growth in revenues as well as improved operating results in the financial year 2014 although still leading to a loss before taxes.