Topic: Consolidated Water
Consolidated Water rings Nasdaq bell to mark 50th anniversary
Consolidated Water marked the 50th anniversary of the founding its Cayman Islands operations with a special ringing of the opening bell at New York's Nasdaq Stock Exchange earlier this month.
Consolidated Water reports higher revenue
Consolidated Water reported a 53% revenue growth to US$25.1 million in the third quarter over the same period last year, reflecting higher income in all business segments.
Consolidated Water grows revenue across all business segments
Consolidated Water reported rising revenues, especially in its retail, bulk and services segments, in the second of quarter of 2022, with total revenue of $21.1 million, up 26% year on year.
Consolidated Water: Return of tourism drives water demand
Consolidated Water grew its revenue by 14% as demand for water in the Cayman Islands increased in the first quarter of this year.
Consolidated Water to build new desalination plant
Consolidated Water has signed a definitive agreement with the Water Authority for its planned seawater reverse osmosis plant in George Town.
Consolidated Water reports lower revenue, income
Revenue for the third quarter declined by 7% to $16.4 million year on year, as services and manufacturing revenues decreased by $141,000 and $2.2 million, respectively.
Consolidated Water reports lower revenues
Consolidated Water’s second quarter revenues declined by 12.5% to $16.7 million compared to the same period last year.
Q3 sales drop but Consolidated Water returns to profitability
Consolidated Water has reported third-quarter revenues of US$17.7 million, 11.2% higher than in the same quarter one year ago.
Consolidated Water reports lower water sales, net loss in Q2
Consolidated Water sold 16% less water in its Cayman Islands retail segment following the border closures and a halt to tourism during the second quarter of 2020.
Consolidated Water declares cash dividend after record quarter
The board of Consolidated Water declared a cash dividend of $0.085 per share after the developer and operator of water supply and treatment plants posted record revenue in the first quarter of the year.
Dry weather helps grow Consolidated Water revenue
Unusually dry weather in the Cayman Islands helped push Consolidated Water’s revenue growth in the second quarter of this year.
Consolidated Water grows revenue, net income
Consolidated Water increased total first quarter revenues by 17% and gross profit by 13% compared to the same period last year.
9 years later, still no licensing deal for Cayman Water
Some nine years after it expired, Cayman Water has still not reached a new licensing deal to serve customers in the Seven Mile Beach and West Bay areas, according to the first-quarter financial report from Cayman Water’s parent company, Consolidated Water.
OfReg and Cayman Water resume talks
After the Utilities Regulation and Competition Office (OfReg) rejected Cayman Water’s most recent proposal for a licensing deal to serve customers in the Seven Mile Beach and West Bay areas, the two parties have resumed negotiations.
Consolidated Water looking to close Belize operations
Local utility company Consolidated Water may be selling its operations in Belize due in major part to difficulties the company has experienced in repatriating profits from there, according to filings with the United States Securities and Exchange Commission.
Consolidated Water Q1 revenue, gross profit decline; cash position improves
Consolidated Water posted total revenues of $15.3 million in the first quarter of 2018, compared to $15.7 million in the same period last year.
Consolidated Water’s negotiations with government drag on
Nearly eight years after Consolidated Water’s license to sell residents water was scheduled to expire, the company and government still have not reached a new agreement.
Students tap into program about water
Cayman Water Company recently launched a program to educate students in several schools on island about tap water and the desalination process. The company’s project engineer in business development, Karlene Singh, has made presentations at four schools in George Town and West Bay.
EDITORIAL – Officials leave Cayman Water out to dry
Cayman Water CEO Rick McTaggart has raised a serious and concerning issue with the Cayman Islands government: namely, that lawmakers are preparing to vote to overhaul regulation of the country’s utilities (including water), but nobody bothered to consult with Mr. McTaggart’s company, which is one of Cayman’s two water providers.
Consolidated Water reports higher net income on declining turnover
Consolidated Water reported lower revenues in its retail water, bulk water and services business segments in 2015, but net income improved from US$6.27 million to $7.52 million.
