ecoWise Holdings posts full-year net loss of $1.3m

Mainboard-listed ecoWise Holdings says it registered a loss attributable to equity holders of $1.3 million in FY2010 mainly due to asset disposal in Wuhan related to the conversion of a coal-fired co-generation plant to a biomass co-generation plant, lower used copper slag-related activities and new business/project development costs. Revenue grew by 19.8% year-on-year to $37.59 million, mainly due to acquisition of Malaysia subsidiaries in the business of tyre retreading and rubber compound manufacturing in July 2010.