Darco Water Technologies, the provider of integrated engineering and knowledge-based water treatment solutions, announced its full-year results for the 12 months ending 31 December 2009 (FY2009) with revenue of $57.5 million and net loss attributable to shareholders of $192,000.
The group’s revenue decreased year-on-year by 42% largely due to slowdown in projects arising from the global economic downturn, as well as fewer projects available in Taiwan as a result of a change in government policy in FY2009. Nevertheless, the group saw gross margin improvement to 24.9% in FY2009 from 17.1% in FY2008.
