Consolidated Water Co. Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 15, 2022 at 02:48 am IST
Share
Consolidated Water Co. Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 25.05 million compared to USD 16.41 million a year ago. Net income was USD 0.317694 million compared to USD 0.285593 million a year ago. Basic earnings per share from continuing operations was USD 0.05 compared to USD 0.09 a year ago. Diluted earnings per share from continuing operations was USD 0.05 compared to USD 0.09 a year ago. Basic earnings per share was USD 0.02 compared to USD 0.02 a year ago. Diluted earnings per share was USD 0.02 compared to USD 0.02 a year ago.
For the nine months, sales was USD 65.68 million compared to USD 50.22 million a year ago. Net income was USD 4.32 million compared to net loss of USD 0.390284 million a year ago. Basic earnings per share from continuing operations was USD 0.38 compared to USD 0.07 a year ago. Diluted earnings per share from continuing operations was USD 0.38 compared to USD 0.07 a year ago. Basic earnings per share was USD 0.28 compared to basic loss per share of USD 0.03 a year ago. Diluted earnings per share was USD 0.28 compared to diluted loss per share of USD 0.03 a year ago.
Consolidated Water Co. Ltd. is a Cayman Islands-based company that develops and operates advanced water supply and treatment plants and water distribution systems. Its retail segment operates the water utility for the Seven Mile Beach and West Bay areas of Grand Cayman Island. Its bulk segment supplies potable water to government utilities in Grand Cayman and The Bahamas under long-term contracts. Its services segment designs, constructs and sells water infrastructure and provides management and operating services to third parties. Its manufacturing segment manufactures and services a wide range of custom and specialized water-related products applicable to commercial, municipal, and industrial water production, supply and treatment. It also manufactures and services a range of products and provides design, engineering, management, operating and other services applicable to commercial and municipal water production, supply and treatment, and industrial water and wastewater treatment.
CONSOLIDATED WATER CO. LTD. 
