Poten Environment Group Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 29, 2022 at 07:38 pm EDT
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Poten Environment Group Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 173.78 million compared to CNY 547.1 million a year ago. Revenue was CNY 173.78 million compared to CNY 547.1 million a year ago. Net loss was CNY 86.95 million compared to net income of CNY 7.79 million a year ago. Basic loss per share from continuing operations was CNY 0.21 compared to basic earnings per share from continuing operations of CNY 0.02 a year ago. Diluted loss per share from continuing operations was CNY 0.21 compared to diluted earnings per share from continuing operations of CNY 0.02 a year ago.
Poten Environment Group Co Ltd is a company mainly engaged in providing comprehensive services for water ecological environment treatment. The Company's main business includes industrial water system, urban and rural water environment, equipment business and soil remediation business. The industrial water system business provides environmental engineering technical solutions and professional operation management services. The urban and rural water environment business provides customized services for rural ecological scenes and provide overall solutions for urban water quality improvement. The equipment business focuses on the production and research and development (R&D) of membrane materials and membrane components, diversified core water treatment technology and equipment R&D and manufacturing, and engineering service system integration business. The soil remediation business focuses on urban site soil and groundwater environmental remediation projects.