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China Water Affairs' Fiscal-Year Profit Slides 8.2%

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China Water Affairs Group's (HKG:0855) recorded an 8.2% decline in attributable profit for the year ended March 31 to HK$986.2 million from HK$1.07 billion a year prior, according to a Monday Hong Kong bourse filing.

The water supply company's earnings per share stood at HK$0.61 in the period, down from HK$0.66 in the previous fiscal year.

Revenue slipped 11% to HK$10.3 billion from HK$11.7 billion in the year-ago period.

The company recommended a final dividend of HK$0.13 per ordinary share, payable around Nov. 13 to shareholders of record as of Oct. 27, subject to shareholder approval.

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