Canvest Environmental Protection Group Company Limited announced audited consolidated earnings results for the year ended December 31, 2016. For the period the company announced revenue of HKD 1,653,552,000 compared to HKD 1,184,536,000 a year ago. EBITDA was HKD 702,869,000 compared to HKD 511,844,000 a year ago. Profit for the year was HKD 400,018,000 compared to HKD 288,895,000 a year ago. Profit attributable to equity holders of the Company was HKD 400,018,000 compared to HKD 272,001,000 a year ago. Diluted and basic earnings per share was 19.8 cents compared to 13.6 cents a year ago. Cash generated from operating projects was HKD 460,909,000 compared to HKD 311,530,000 a year ago. Operating profit was HKD 547,352,000 compared to HKD 381,161,000 a year ago. Profit before income tax was HKD 462,873,000 compared to HKD 329,787,000 a year ago. For the year ended 31 December 2016, capital expenditures of the Group mainly consisted of expenditures on equipment purchase and construction costs relating to service concession arrangements, amounted to HKD 1,083.4 million against HKD 1,019.8 million a year ago. It was mainly funded by borrowings, fund generated from operating activities and capital contributions from shareholders.

For the year the company announced total power generated of 962,916 MWh compared to 657,197 MWh a year ago. Total power sold of 842,823 MWh compared to 576,480 MWh a year ago.