Tibet Water Resources Ltd. Recommends Payment of a Final Dividend for 2015 Payable on or about June 23, 2016; Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2015
The company reported audited consolidated earnings results for the year ended December 31, 2015. For the year, the company's revenue was RMB 832,348,000 compared to RMB 772,537,000 a year ago. Operating profit was RMB 363,411,000 compared to RMB 460,107,000 a year ago. Profit before income tax was RMB 374,644,000 compared to RMB 465,478,000 a year ago. Profit was RMB 323,071,000 compared to RMB 384,614,000 a year ago. Profit attributable to owners of the company was RMB 276,967,000 compared to RMB 343,499,000 a year ago, which was in line with the decrease in net profits, after deducting the non-controlling interest of RMB 46 million in Tiandi Green during the relevant reporting period. Earnings per share for profit attributable to owners of the company (basic and diluted) were 10.78 cents compared to 13.37 cents a year ago. Net cash generated from operating activities was RMB 438,342,000 compared to RMB 554,557,000 a year ago. Purchases of PP&E were RMB 23,160,000 compared to RMB 18,158,000 a year ago. Adjusted EBITDA was RMB 461,227,000 compared to RMB 535,771,000 a year ago.