"We are exploring thermal power generation and air purification for diversification of recurring income streams," said executive chairman Zhou Jun. NextInsight file photoSIIC Environment has posted FY2013 revenue of Rmb 1.2 billion, up 51.0% year-on-year, boosted by contribution from the Nanfang Group, which it acquired in 3QFY2012.The higher revenue was due mainly to full year contribution from the Nanfang Group, compared with 5 months of contribution in FY2012.
Gross profit margin decreased by 4.7 percentage points to 29.8% in FY2013 due to higher contribution of construction revenue which has a relatively lower margin.
SIIC Environment's FY2013 revenue jumped 51.0% yoy to Rmb 1.2 billion on a 136.1% increase in construction sales to Rmb 485.7 million.Recent story: Initiation Report: Buy 'Rising Star' SIIC Enviroment, Says DBS Vickers
