CDT Environmental Reports 13% Drop in Revenues but Sees 34% Surge in Net Income for 2024

Reuters
05-15
CDT Environmental Reports 13% Drop in Revenues but Sees 34% Surge in Net Income for 2024

CDT Environmental Technology Investment Holdings Ltd. has reported its financial results for the fiscal year ending December 31, 2024. The company recorded revenues of $29.77 million, a decrease of $4.44 million or 13.0% from the previous year's $34.21 million. Despite the decline in revenues, CDT Environmental's net income rose to $7.02 million, a 34.0% increase compared to the $5.24 million reported in 2023. This improvement in net income is attributed to a reduction in costs and expenses, including a notable decrease in the provision for credit loss and doubtful accounts by $559,675, leading to a recovery rather than an expense. The income from operations also increased by 35.5%, reaching $8.61 million compared to $6.35 million the previous year. The company continues to focus on its core operations in sewage treatment systems and services in both urban and rural areas.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CDT Environmental Technology Investment Holdings Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001731122-25-000746), on May 15, 2025, and is solely responsible for the information contained therein.

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