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© 2008 Cascal NV
2 August 2005The Cascal Group Announces Results for year ended 31 March 2005
The Cascal NV, an international investment and operations water company, has announced its financial results for the year 2004/2005. This year has certainly been the most remarkable year in the short history of the Group.
The highlights of the year include the revision of the contractual framework in Puerto Vallarta (Mexico), the capital restructuring of Bournemouth and West Hampshire Water (UK) and the supplemental agreement in Nelspruit (South Africa).
Following on from financial performance in previous years, the Group results again show very significant improvement compared to the preceding year.
Net turnover increased by 16% to USD 101.4 million, the operating profit increased by 17% to USD 26.9 million and the income from associate companies increased by 10% to USD 2.3 million.
The changes to the contractual framework in Puerto Vallarta (Mexico) from a BOOT contract to an Operation and Maintenance contract resulted in a USD 12.9 million profit on disposal of the subsidiary holding the assets.
For the third year running, the net profit more than doubled to USD 26.1 million.
For more information please send an e-mail to the Marketing Manager,
enquiries@cascal.co.uk
