Euro Tech Holdings Co Ltd Stock Price, News & Analysis

Euro Tech Holdings Company Limited (Nasdaq: CLWT) reported a challenging first half of 2022, with revenues falling by 33.1% to US$6,730,000, compared to US$10,054,000 in the same period last year. This decline was primarily driven by strict COVID-19 lockdown measures in China and Hong Kong. Gross profits also decreased by 37.5%, totaling US$1,888,000. The company incurred a net loss of US$184,000, contrasting with a net income of US$490,000 in the previous year. Despite these challenges, there is optimism for future sales, particularly in Ballast Water Treatment Systems.

Euro Tech Holdings Company Limited (CLWT) announced a special cash dividend of $0.06 per ordinary share, payable on June 23, 2022, to shareholders of record as of June 13, 2022. Shareholders will automatically receive the dividend without needing action, credited through brokerage accounts. American Stock Transfer and Trust LLC is the appointed paying agent for this dividend. The Company issued a caution regarding forward-looking statements, highlighting compliance with NASDAQ requirements, and encourages shareholders to consult risk factors detailed in SEC filings.

Euro Tech Holdings Company Limited (Nasdaq: CLWT) announced on May 27, 2022, an update on its status under the Holding Foreign Companies Accountable Act (HFCAA). The SEC provisionally identified Euro Tech as a Commission-Identified Issuer on May 20, 2022, due to the inability of the PCAOB to fully inspect its registered public accounting firm's working papers for the fiscal year ended December 31, 2021. If this status continues for three consecutive years, the company risks delisting from Nasdaq. Euro Tech emphasizes its commitment to compliance and maintaining its listing status.

Euro Tech Holdings Company Limited (Nasdaq: CLWT) announced its financial results for the year ended December 31, 2021. The company reported a net income of US$989,000, up from US$769,000 in the previous year, driven by a significant revenue increase of 60.1% to US$21,388,000, attributed to Ballast Water Treatment Systems (BWTS) sales. Gross profits rose 54.5% to US$5,695,000, while selling and administrative expenses decreased 8.6%, showcasing operational efficiency. The company aims to expand into Southeast Asia and optimize BWTS applications amid ongoing challenges from COVID-19.

Euro Tech Holdings Company Limited (NASDAQ: CLWT) has announced the appointment of David YL Leung as the new Chief Executive Officer (CEO), effective February 1, 2022. David, currently a Director, brings significant experience in the Ballast Water Treatment sector and has held key roles within the company since 2011. TC Leung will transition to Chairman of the Board, continuing his support in a non-executive capacity. This planned leadership change aims to strengthen the management team as the company embarks on new business growth opportunities.

Euro Tech Holdings Company Limited (NASDAQ: CLWT) announced the issuance of bonus shares, with shareholders receiving one ordinary share for every two shares held. The bonus shares are slated for issuance on January 21, 2022, to shareholders of record as of January 7, 2022. No action is required from shareholders to receive these bonus shares, as they will be credited automatically to brokerage accounts. American Stock Transfer and Trust Company, LLC will administer the issuance of the bonus shares.

Euro Tech Holdings Company Limited (CLWT) reported a significant financial turnaround for the six months ended June 30, 2021. The company achieved an operating income of US$507,000, reversing a loss of US$726,000 in the same period of 2020. Revenues surged by 75.8% to US$10,054,000, driven by completed projects as Covid-19 stabilized in China. Gross profits rose 86.6% to US$3,022,000. However, net income decreased to US$490,000, impacted by a non-recurrent gain of US$1,429,000 reported in 2020. The company is optimistic about future growth in its Ballast Water Treatment Systems business.

Euro Tech Holdings Company Limited (CLWT) has announced a special cash dividend of approximately $0.20 per share, payable on July 6, 2021, to shareholders recorded as of June 28, 2021. Shareholders will automatically receive the dividend in their brokerage accounts, with American Stock Transfer and Trust LLC designated as the paying agent. This announcement reflects the company's commitment to returning value to its shareholders, enhancing investor confidence.

Euro Tech Holdings Company Limited (CLWT) announced its fiscal 2020 financial results, revealing a net income of approximately US$769,000 compared to a net loss of US$146,000 in 2019. Revenues decreased 23.2% to US$13,357,000, attributed to COVID-19 impacts and trade tensions. Gross profit fell 16.6% to US$3,685,000, though gross margin improved to 28%. Operating loss surged 41.5% to US$1,701,000. Despite these challenges, the company secured contracts for Ballast Water Treatment Systems (BWTS) and sees potential growth in the Middle East.