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Consolidated Water posts 3Q profit

GRAND CAYMAN, Cayman Islands (AP) _ Consolidated Water Co. (CWCO) on Thursday reported third-quarter net income of $1.2 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Grand Cayman, Cayman Islands-based company said it had net income of 8 cents. Earnings, adjusted for non-recurring costs, were 11 cents per share.

The developer and operator of desalination plants posted revenue of $16.6 million in the period.

Consolidated Water shares have risen 6 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $11.50, a fall of slightly more than 5 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CWCO at https://www.zacks.com/ap/CWCO