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Hyflux reports big surge in Q1 earnings but warns of slow year

Published on May 8, 2014 10:36 PM

SINGAPORE - Water treatment firm Hyflux posted first-quarter profit of $37.9 million, up from $8 million a year earlier.

Revenue for the three months to March 31 was $88.3 million, a fall of 29 per cent.

The group said this reflected the timing of project commencements.

Earnings per share was 3.47 cents, up from 0.25 cents a year ago. Net asset value was 60.2 cents, up from 58.4 cents as at Dec 31.

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