According to The Gas Review, Air Water’s sales revenue increased by 10.8% and the operating income also increased by 13.6% comparing with the same term of the previous year.
The company achieved a record-high performance in the second quarter term-end closing account.
Each business division improved its earning power by the revision of prices, and there was also a contribution to profitability by the woody biomass power generating business which started in Yamaguchi Prefecture from July last year. The new effect of consolidation by M&A also worked to push up the profitability.
Out of the increased revenue of ¥37.6bn, there were M&A effects of the new consolidation amounting to about ¥23.9bn brought by 24 companies.
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