Companies

China State Construction Engineering net profit up 94.8% in H1

(Xinhua)
Updated: 2010-09-01 09:56

BEIJING - China State Construction Engineering Corporation (CSCEC), one of China's leading construction firms, said Tuesday its first-half-year net profits rose 94.8 percent from a year earlier.

Special Coverage: 2010 Interim Results of Listed Companies   More stories:   China State Construction to issue up to $3b bills  China State Construction sales up 71.5% in first two months

Net profits totaled 4.63 billion yuan ($680.32 million) and earnings per share stood at 0.15 yuan, up 15.4 percent from the same period last year, the company said in a statement filed with the Shanghai Stock Exchange.

Business revenues reached 158.24 billion yuan, up 42.1 percent year-on-year, the Beijing-based company said.

The value of newly signed contracts in the first half of 2010 rose 49.1 percent from a year earlier to 304.6 billion yuan, in which home building, infrastructure building, designing and surveying business grew by 59.6 percent, 25.3 percent and 25.8 percent, respectively, said CSCEC.