ZhongDe Waste Technology AG announced earnings results first half of 2013. For the period revenues were went down year-on-year by 48.4% to EUR 2.6 million compared to EUR 4.9 million a year ago. This decrease was mainly related to the slow progress of the construction of the three BOT projects in Zhoukou, Kunming and Xianning.

Also the two EPC projects in Zhucheng and Dingzhou have been temporarily suspended. Gross profit was EUR 0.2 million compared to EUR 0.4 million a year ago. LBIT was EUR 2.8 million compared to EUR 3.5 million a year ago.

Net loss was EUR 3.3 million compared to EUR 4.1 million a year ago.