Hyflux's Q3 profit up 15% to $14.5m

Hyflux said its net profit for the third quarter ended Sept 30 rose 15% to $14.52 million from a year ago.

Revenue rose 77% to $155.05 million from $87.72 million.

Its nine-month profit increased 17% to $39.71 million from $33.87 million on a 70% rise in revenue to $484.39 million from $285.61 million a year ago led by higher activities, particularly from projects in Asia, excluding China.