Zhongde Waste Technology Ag reported earnings results for the first half of 2015. For the period, the company recorded a year-on-year revenue increase by 77.6% to a total of EUR 8.1 million against of EUR 4.6 million for the same period a year ago. EBIT went slightly up to negative at EUR 2.7 million against of EUR 2.8 million for the same period a year ago. In total, the group's net result improved to negative at EUR 4.2 million against of EUR 4.4 million for the same period a year ago.

The management expects that the coming quarters in 2015 will still remain a transition period for the company. Nevertheless, revenues and other results are expected to increase compared to the corresponding quarters in 2014. In the second half of 2015 the construction progress of ZhongDe's EPC projects (Dingzhou, Zhucheng and Wuhai) and BOT projects (Lanzhou etc.) as well as the trial run of the BOT projects (Zhoukou, Xianning and Kunming) are expected to continue to contribute to ZhongDe's revenues.