Euro Tech announced fiscal results for Year 2014

Euro Tech Holdings Company Limited announced financial results for the year period ended December 31, 2014. The British Virgin Islands-registered company reported revenues in the amount of US$18,822,000 – 1.2% increase as compared to US$18,602,000 in the previous fiscal year. Net income of Euro Tech was approximately US$164,000 in fiscal 2014, as compared to net loss of approximately US$18,000 reported in 2013. This year’s income can be attributed mainly to the income contributions from the affiliate companies, Blue Sky and Jia Huan.

In 2014, the BVI company obtained type approval certificate from China’s Classification Society for the 300 Cubic Meters per hour BWTS, which is the requirement by International Maritime Organization for ballast water tanks, and by the end of this year it is expecting to receive various type approval certificates for other ranges. The company also has positive outlook to the growing income contributions from Blue Sky and Jia Huan, which are in the air pollution control business.

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