BQE Water Receives Record $2.6 M Dividend from China Joint Venture
VANCOUVER, BC – TheNewswire – July 11, 2022 - BQE Water Inc. (TSXV:BQE) , a leader in the management and treatment of mine impacted water, is reporting the receipt of an annual cash dividend of $2.6 M ($13.5 M RMB) from its China joint venture operations. The dividend represents BQE Water’s 50% share of the joint venture profit earned and reported in its consolidated financial statements for 2021. Revenues from the joint venture operations are generated from sales of copper recovered during the treatment of mine impacted water at market prices. While dividends have been received annually since 2012, the amount for 2021 is notable as it is 160% higher than the $1 M of recent years. The dividend was also receive d ahead of schedule, as distribution is typically made in the fourth quarter. Click Image To View Full Size David Kratochvil, President CEO at BQE Water, commented, “ Receiving this record high dividend early has helped us reach a threshold of cash reserves considered more than adequate to support all ongoing operations and projected company growth in the near term.
BQE Water Receives Record $2.6 M Dividend from China Joint Venture
VANCOUVER, BC – TheNewswire – July 11, 2022 - BQE Water Inc. (TSXV:BQE) , a leader in the management and treatment of mine impacted water, is reporting the receipt of an annual cash dividend of $2.6 M ($13.5 M RMB) from its China joint venture operations. The dividend represents BQE Water’s 50% share of the joint venture profit earned and reported in its consolidated financial statements for 2021. Revenues from the joint venture operations are generated from sales of copper recovered during the treatment of mine impacted water at market prices. While dividends have been received annually since 2012, the amount for 2021 is notable as it is 160% higher than the $1 M of recent years. The dividend was also receive d ahead of schedule, as distribution is typically made in the fourth quarter. Click Image To View Full Size David Kratochvil, President CEO at BQE Water, commented, “ Receiving this record high dividend early has helped us reach a threshold of cash reserves considered more than adequate to support all ongoing operations and projected company growth in the near term.