Consolidated Water Advances on Second-Quarter Revenue

Consolidated Water Co. (CWCO), the Caribbean water provider that’s expanded to Bali, Indonesia, rose the most in three weeks after reporting an increase in second-quarter revenue.

Consolidated gained 6.6 percent to close at $11.44 in New York. The stock has dropped 19 percent this year.

Revenue increased 2 percent to $16.9 million, the Georgetown, Cayman Islands-based company said today in a statement. Net income fell to $2.76 million, or 19 cents a share, from $2.85 million a year ago.

The company, which also has operations in the British Virgin Islands, the Bahamas and Belize, is planning to build a desalination plant in Mexico that would process 100 million gallons a day.

To contact the reporter on this story: Justin Doom in New York at

To contact the editors responsible for this story: Reed Landberg at Jim Efstathiou Jr., Robin Saponar

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.