Euro Tech Holdings Company Limited reported net income of $11,000 for the six-month period ending June 30, 2009. This was up from net income of $4,000 reported in the same period in 2008.
The company reported revenues of $14.1 million, a 5.1% increase from the $13.4 million reported in the same period of 2008. Euro Tech Holdings Company Limited had a solid balance sheet with cash and equivalents of $6.6 million, with no short or long-term debt.
T.C. Leung, the CEO of Euro Tech Holdings Company Limited, said, “China could not escape the impact of the global financial crisis, 2009 is a tough year for us, as the aftermath of the global financial crisis still affected most of our customers, namely, the multinationals, local small and medium enterprises, to make decision for investments.”
Euro Tech Holdings Company Limited is headquartered in Hong Kong, and distributes products throughout China manufactured by third party companies. These products are used in water and wastewater treatment and include analytical, automated process control and testing equipment.
Euro Tech Holdings Company Limited also manufactures its own line of equipment to analyze and test water quality.