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.
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