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Beijing Enterprises Water Reports 33% Jump in Earnings

Aug. 29 (Bloomberg) -- Beijing Enterprises Water Group Ltd. reported a 33 percent increase in first-half profit as earnings from water-treatment and construction services grew.

Net income rose to HK$514.3 million ($66 million) from HK$386.6 million a year earlier, the company said today in a filing to the Hong Kong stock exchange. Sales almost doubled to HK$2.76 billion.

Beijing Enterprises “maintained a steady growth in the first half,” the company said. Water-treatment and construction services together generated 96 percent of profit, up from 79 percent a year earlier.

To contact Bloomberg News staff for this story: Feifei Shen in Beijing at fshen11@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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