Reported 10 months ago
P&U Environmental (6771) states the increasing demand for circular economy and water resource recycling, along with stricter discharge standards, has led to a positive outlook on operations for this year. With more stringent environmental regulations and the participation of its subsidiary P&U Materials, the company expects growth in new customers and orders, anticipating a quarterly increase in operations performance. The company's downstream customers span various industries such as metal surface treatment, chemicals, textiles, electronics, and biotechnology, closely tied to the operational performance and waste water generated by customers. With the recovery of the domestic economy, the company has already seen a positive growth trend in operations this year, achieving a year-on-year revenue increase of 2.78% in the first five months, totaling 2.58 billion NTD. P&U Environmental also notes a lively market demand since the first quarter, with increased production activities and profitability, particularly in waste water treatment volume, leading to a 3-percentage-point increase in gross profit margin compared to the same period last year. P&U Materials focuses on the recycling of high-concentration ammonia nitrogen waste water, in addition to waste water treatment, and has developed recycled ammonium chloride products for electroplating and metal surface treatment industries. As P&U Materials begins operations and continues to expand, there is potential for the group's profits to grow in the second half of the year.
Source: YAHOO