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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000950144-03-007950.txt : 20030624
<SEC-HEADER>0000950144-03-007950.hdr.sgml : 20030624
<ACCEPTANCE-DATETIME>20030624135843
ACCESSION NUMBER:		0000950144-03-007950
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030623
ITEM INFORMATION:		Other events
FILED AS OF DATE:		20030624

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CONSOLIDATED WATER CO LTD
		CENTRAL INDEX KEY:			0000928340
		STANDARD INDUSTRIAL CLASSIFICATION:	WATER SUPPLY [4941]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E6
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-25248
		FILM NUMBER:		03754887

	BUSINESS ADDRESS:	
		STREET 1:		TRAFALGAR PL
		STREET 2:		WEST BAY RD
		CITY:			GRAND CAYMAN BWI CAY
		STATE:			E9
		ZIP:			00000
		BUSINESS PHONE:		8099474277

	MAIL ADDRESS:	
		STREET 1:		TRAFALGAR PLACE, WEST BAY ROAD, P.O. BOX
		STREET 2:		GRAND CAYMAN, CAYMAN ISLANDS, BWI

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CAYMAN WATER CO LTD
		DATE OF NAME CHANGE:	19941212
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>g83499e8vk.htm
<DESCRIPTION>CONSOLIDATED WATER CO. LTD FORM 8-K
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<TITLE>CONSOLIDATED WATER CO. LTD FORM 8-K</TITLE>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<P align="center"><FONT size="4">SECURITIES AND EXCHANGE COMMISSION</FONT>

<P align="center"><FONT size="3">Washington, D.C. 20549</FONT>

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<P align="center"><FONT size="5">FORM 8-K<BR>
CURRENT REPORT</FONT>

<P align="center"><FONT size="2">PURSUANT TO SECTION 13 OR 15(d) OF THE<BR>
SECURITIES EXCHANGE ACT OF 1934</FONT>

<P align="center"><FONT size="2">June&nbsp;23, 2003<BR>
(Date of earliest event reported)</FONT>

<P align="center"><FONT size="6">CONSOLIDATED WATER CO. LTD.</FONT>

<div align="center"><FONT size="2">(Exact name of Registrant as specified in its charter)</FONT></div>

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    <TD align="center" valign="top"><FONT size="2">Cayman Islands, B.W.I</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
0-25248
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">Not Applicable</FONT></TD>
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    <TD align="center" valign="top"><FONT size="2">(State of incorporation or</FONT></TD>
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(Commission File No.)
</FONT></TD>
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    <TD align="center" valign="top"><FONT size="2">(IRS Employer Identification No.)</FONT></TD>
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    <TD align="center" valign="top"><FONT size="2">organization)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
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<P align="center"><FONT size="2">Trafalgar Place, West Bay Road<BR>
P.O. Box 1114 GT<BR>
Grand Cayman, Cayman Islands, B.W.I.<BR>
(Address of principal executive offices)</FONT>

<P align="center"><FONT size="2">(345)&nbsp;945-4277<BR>
(Registrant&#146;s telephone number, including area code)</FONT>

<P align="center"><FONT size="2">&nbsp;</FONT>
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<P align="left"><FONT size="2"><B>ITEM 5. Other Events</B>
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based on the current operating results of
Consolidated Water Co. Ltd. (the &#147;Company&#148;) and the anticipated operating
results through December&nbsp;31, 2004, the completion of its acquisition of
Waterfields Company Limited by December&nbsp;31, 2003, and the successful conclusion
of the Company&#146;s pending equity offering, the Company estimates
that: (1)&nbsp;its average annual historical growth of 10%-12% of revenue will
continue in fiscal year 2004, and (2)&nbsp;it will achieve diluted
earnings per share of approximately $1.25 for fiscal year 2004.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>This report on Form&nbsp;8-K consists of &#147;forward-looking&#148; statements, usually
containing the words &#147;believe&#148;, &#147;estimate&#148;, &#147;project&#148;, &#147;intend&#148;, &#147;expect&#148; or
similar expressions. These statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements inherently involve risks and uncertainties that
could cause actual results to differ materially from the forward-looking
statements. Factors that would cause or contribute to such differences
include, but are not limited to, continued acceptance of the Company&#146;s products
and services in the marketplace, changes in its relationship with the
Governments of the jurisdictions in which it operates, the ability to
successfully secure contracts for water projects in other countries, the
ability to develop and operate such projects profitably, the completion of the
Company&#146;s pending equity offering, the Company&#146;s ability to manage growth and
other risks detailed in the Company&#146;s periodic report filings with the
Securities and Exchange Commission. By making these forward-looking
statements, the Company undertakes no obligation to update these statements for
revisions or changes after the date of this report.</I>
</FONT>
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<P align="center"><FONT size="2">SIGNATURE</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
</FONT>
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    <TD colspan="3" align="left" valign="top"><FONT size="2">CONSOLIDATED WATER CO. LTD.</FONT></TD>
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By:
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>

    <TD align="left" valign="top"><FONT size="2">/s/ Frederick W. McTaggart<BR>
</FONT><HR size="1" noshade><FONT size="2">
Name:  Frederick W. McTaggart<BR>
Title:  President</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">Date: June 24, 2003</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
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<P align="center"><FONT size="2">-2-</FONT>



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