SIIC Environment rakes in 20% more profits

Thanks to recent acquisitions.

Industrial company SIIC Environment continues to be fueled by acquisitions, its growth mainly led by the purchase of Shanghai Qingpu (wastewater treatment), Shanghai Pucheng (waste to energy) and Dazhou Jiajing (waste to energy).

Maybank reports that SIIC’s reveneue jumped 34.8% year on year to CNY381.8 million as water-treatment revenue, a high-quality and recurring income source, grew 19.2% year on year. Maybank adds that SIIC’s future growth will depend on more acquisitions, with sufficient targets in its pipeline.

Here’s more from Maybank:

GPM decreased 5.1ppt to 27.4%. No cause for concern as the dip was due to higher contributions from the construction sector, which has a lower margin.

With its recent CNY700m share placement and strongest balance sheet among peers, it should have sufficient muscle to execute its acquisition plan.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia