Road Environment Technology.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2021
April 14, 2021 at 05:51 am EDT
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Road Environment Technology.,Ltd announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 49.486 million compared to CNY 16.999 million a year ago. Operating income was CNY 9.001 million compared to operating loss of CNY 9.386 million a year ago. Net income was CNY 8.385 million compared to net loss of CNY 9.073 million a year ago. Basic earnings per share from continuing operations was CNY 0.09 compared to basic loss per share from continuing operations of CNY 0.13 a year ago.
Road Environment Technology Co Ltd is a China-based company mainly engaged in the research and development and industrial application of food and beverage residues, high-concentration brewing wastewater, sludge and solid waste harmless treatment and resource utilization technology. The Company focuses on the treatment and utilization of high water content waste such as distiller's grains, brewing wastewater, river and lake sludge, and engineering mud. Its main products and services include production and sales of distiller's grain bio-fermentation feed, river and lake sludge, and engineering mud treatment services. The Company primarily operates in the domestic market.