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Darco Water Technologies Ltd. ( (SG:BLR) ) just unveiled an update.
Darco Water Technologies Ltd. announced a significant legal victory involving its subsidiary, Wuhan Kaidi Water Services Co., Ltd. (WHKD), which was awarded approximately SGD 1,978,000 by the Intermediate People’s Court of Hubei Province. This ruling, which resolved a dispute with Wuhan Huangpi Kaidi Water Co., Ltd., will have a substantial positive impact on Darco’s financial performance, as the recovered amount represents 238% of the Group’s profit before tax for the financial year 2024.
More about Darco Water Technologies Ltd.
Darco Water Technologies Ltd. is a company based in Singapore, operating within the water treatment industry. The company, along with its subsidiaries, focuses on providing water and wastewater treatment solutions, catering to various sectors requiring water purification and management.
Average Trading Volume: 141,850
Technical Sentiment Signal: Sell
Current Market Cap: S$6.47M
Find detailed analytics on BLR stock on TipRanks’ Stock Analysis page.