Dynagreen Environmental's Q1 Profit Balloons 33%

MT Newswires Live
28 Apr

Dynagreen Environmental Protection Group (HKG:1330) recorded a 33% rise in attributable profit in the first quarter to 185.0 million yuan from 138.9 million yuan a year prior, an April 25 filing with the Hong Kong bourse said.

Earnings per share stood at 0.13 yuan in the three months, up from 0.1 yuan in the year-ago period.

The Chinese waste incinerator's revenue rose 2.9% to 828.2 million yuan from 804.9 million yuan previously.

The firm attributed the higher profit mainly to a rise in revenue and a decline in operating costs and financial expenses.

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