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 jdoom1@bloomberg.net

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

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