Consolidated Water Co. Ltd. (CWCO), which develops and operates seawater conversion plants and water distribution systems in areas where natural supplies of drinking (i.e., potable) water are scarce, today reported its operating results for the fourth quarter and year ended December 31, 2005.
For the quarter ended December 31, 2005, total revenue increased 40.3% to approximately $7.4 million, compared with approximately $5.3 million in the fourth quarter of 2004. Net income decreased to $1,649,499, or $0.13 per diluted share, versus $2,085,389, or $0.17 per diluted share, in the quarter ended December 31, 2004. [ more ]
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