© 2008 Cascal NV
26 July 2004The Cascal Group Announces Results for year ended 31 March 2004
Cascal NV, an international investment and operations water company, today announced its financial results for 2003/2004. During the year, the Cascal Group achieved very significant progress from both the financial and the operational standpoints.
Chief Executive Officer for Cascal, Stephane Richer commented "I am delighted with the Group's performance in 2003/2004 from enhanced customer services and environmental services to much improved financial results. I am confident the year 2004/05 will see further progress being delivered for the benefit of our customers, our staff and our shareholders."
Net turnover increased by 14% to USD 87.6 million whilst operating profit increased by 49% to USD 22.9 million reflecting the success of programs to improve the performance and profitability of the Group. The operating profit margin progressed from 20% to 26%.
The Group achieved a net profit of USD11.7 million, a 160% improvement on last year's net profit and the highest result ever achieved since the formation of the Group.
Operational highlights from the year include the completion of the second phase of the Duriangkang water treatment plant in Batam, Indonesia, the completion of a strategic link main in Bournemouth, UK and the ISO 9001 quality accreditation of Subicwater, the first water company to achieve such standards in the Philippines.
For more information please send an e-mail to the Marketing Manager,
enquiries@cascal.co.uk
