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Stock impact report

Consolidated Water Co. Ltd. Reports Second Quarter 2018 Results

Consolidated Water Co. Ltd. - Ordinary Shares (CWCO) 
Last consolidated water co. ltd. - ordinary shares earnings: 11/12 08:30 am Check Earnings Report
US:NASDAQ Investor Relations: ir.cwco.com
Company Research Source: PR Newswire
GEORGE TOWN, Cayman Islands, Aug. 9, 2018 /PRNewswire/ -- Consolidated Water Co. Ltd. (NASDAQ: CWCO), a leading developer and operator of seawater desalination plants, reported financial and operating results for its second quarter ended June 30, 2018.Management CommentaryPresident and CEO Rick McTaggart commented: "Our core desalination business continued to perform well in the second quarter, and revenues in our manufacturing segment nearly doubled on an unconsolidated basis. However, similar to the first quarter, a portion of our manufacturing segment's production, equivalent to $1.1 million in the second quarter and $1.8 million year-to-date, was allocated for our internal use in the refurbishment of our Windsor plant in the Bahamas and our Governor's Harbor plant in the Cayman Islands, and was not recognized as revenue. These internal projects have obscured the year-over-year improvement in our manufacturing segment. Looking forward, we expect manufacturing sales to continue to i Show less Read more
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