China Water Affairs Group Limited

Current Web Page:>>Company Information

FYE Mar 31 (HK$m)	2007	2008	2009	2010	2011
Revenue	135	766	1,033	1,398	1,478
growth	154.7%	468.2%	35.0%	35.3%	5.7%
Gross profit	56	267	321	587	631
margin	41.7%	34.9%	31.0%	42.0%	42.7%
Profit from operation	171	364	395	633	763
margin	127.0%	47.6%	38.2%	45.3%	51.7%
Profit before income tax	152	310	327	520	725
margin	112.6%	40.6%	31.6%	37.2%	49.1%
Profit for the year	103	520	229	445	600
margin	76.4%	67.9%	22.1%	31.8%	40.6%

Total assets	2,259	4,426	5,545	7,776	8,361
Total equity	1,284	2,226	2,688	3,827	4,333
Borrowings	429	563	1,344	2,173	1,835
Convertible bonds	65	590	236	257	569
Cash and equivalents	520	423	546	523	849
Net debt (cash)	(27)	731	1,034	1,907	1,554
Gearing ratio	38%	52%	59%	64%	55%
Net debt to equity ratio	Net cash	33%	38%	50%	36%
Profit from operation/Interest expense	8.8x	5.4x	4.6x	5.6x	7.4x