Regional projects boost earnings at Hyflux
HIGHER higher contributions from projects in Asia lifted full year earnings by 15 per cent at water solutions company Hyflux.
Earnings were $61 million for the 12 months to Dec 31 while revenue rose 42 per cent to $682.4 million.
Hyflux said projects in Asia (excluding China) contributed 73 per cent of total revenue last year.
China itself contributed 23 per cent of total sales while contributions from Middle East and North Africa markets were 4 per cent.