China Water Services (00855.HK) announced its interim results for the six months ended September 30, 2021. During the period, the group realized income of HK $6.473 billion, up 26.1% over the same period last year. Gross profit was HK $2.525 billion, up 19.7% over the same period last year. Profit attributable to owners of the company was HK $1.02 billion, up 23.4% over the same period last year. Basic profit per share was HK $63.61, with an interim dividend of HK16 cents per share.
According to the announcement, the group continues to adhere to its strategy of focusing on its core business. During the period under review, the Group's "Urban Water supply Operation and Construction" and "Environmental Protection" divisions recorded steady growth. The total revenue of the "Urban Water supply Operation and Construction" and "Environmental Protection" divisions increased from HK $4.74 billion to HK $5.742 billion, representing a steady and sustained growth of 21.1%, mainly due to the success of the Group's business development strategy. Growth is achieved through the acquisition of more construction and connection projects, operational efficiency improvements, higher water supply and sewage charges, and a number of mergers and acquisitions.
Looking to the future, the group will take the development of pipeline direct drinking water business and the improvement of service quality as the key development strategy in the next five years, upgrade pipeline direct drinking water to the company's core main business, and invest heavily in pipeline direct drinking water business around the country. help local governments to achieve the goal of improving people's quality of life, building a healthy China, leading a healthy, environmental protection and low-carbon life, and keep pace with the group's tap water supply and pipeline direct drinking water. Steadily improve the group's income and profitability at the same time, create a new profit growth point.
In addition, the Group will seize policy dividends and market opportunities, adhere to and deepen the business model of cooperation with local governments, expand the dual main businesses of tap water supply and piped direct drinking water at the same time, and provide users with a full range of professional water services. comprehensively enhance the standard of service and core competitiveness, create higher returns for shareholders, and contribute to the country's economic development and the improvement of people's livelihood.