China Railway Construction posts 45.66% growth in H1 net profit

Published: 28 Aug 2009 01:02:43 PST

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Aug. 28, 2009 (China Knowledge) - China Railway Construction Corp Ltd<601186><1186>, the second-largest state-owned construction company in the country, said yesterday that its net profit surged 45.66% year on year to RMB 2.22 billion in the first half of this year.

Basic earnings per share were RMB 0.18, according to the firm's interim report.

The company's operating revenue in the first six months was RMB 130.22 billion, up 58.35% from the same period of last year.

During the period from January to June, China Railway Construction contracted new orders worth RMB 257.35 billon, 87% more than in the first half of last year. The figure includes RMB 207.12 billion from domestic projects and RMB 50.23 billion from overseas projects, 84.53% and 97.97% more than a year earlier, respectively.

By the end of June, the company's total assets were RMB 246.19 billion.