Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Hyflux Revenue Almost Doubles at Biggest Singapore Water Company

Don't Miss Out —
Follow us on:

Nov. 1 (Bloomberg) -- Hyflux Ltd., Singapore’s biggest publicly traded water company, said revenue in the third quarter almost doubled from a year earlier.

Revenue climbed to S$155 million ($127 million) from $87.7 million a year ago, Hyflux said today in a statement. Net income in the quarter rose 15 percent to S$14.5 million. Global economic uncertainties may impact water infrastructure projects in key markets including China, the company said.

Asia outside of China provided 80 percent of the group’s total revenue, it said. Hyflux considers China, where sales rose to S$26.4 million, and India as its largest growth markets in Asia. Hyflux shares have risen 11 percent this year.

Link to Company News:{HYF SP <Equity> CN <GO>}

To contact the reporter on this story: Randall Hackley in London at rhackley@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net