Consolidated Water Gains on Second-Quarter Revenue Increase

Aug 12, 2014 4:51 pm ET

(Updates with closing share price in second paragraph.)

Aug. 12 (Bloomberg) -- Consolidated Water Co., the Caribbean water provider that’s expanded to Bali, Indonesia, rose the most in three weeks after reporting an increase in second-quarter revenue.

Consolidated gained 6.6 percent to close at $11.44 in New York. The stock has dropped 19 percent this year.

Revenue increased 2 percent to $16.9 million, the Georgetown, Cayman Islands-based company said today in a statement. Net income fell to $2.76 million, or 19 cents a share, from $2.85 million a year ago.

The company, which also has operations in the British Virgin Islands, the Bahamas and Belize, is planning to build a desalination plant in Mexico that would process 100 million gallons a day.