Companies

China State Construction Q1 new contracts worth $29b

(Agencies)
Updated: 2011-04-13 15:10

China State Construction Engineering Corp signed contracts worth 191.5 billion yuan ($29.3 billion) in the first quarter of the year, up 95 percent over the same period a year ago.

Related readings:  China State Construction to raise HK$3.58b via rights issue to expand affordable homes biz  China State Construction Corp 10-mth sales up 61%  China State Construction Engineering net profit up 94.8% in H1  China State Construction posts 50% net profit growth for H1

The company also said it achieved sales of 18.7 billion yuan in its real estate business with total area sales covering 16,300 square metres.

Last year, China imposed tightening measures aimed at cooling its red hot property sector. China Vanke, the country's largest properly developer, said last week its property sales growth slowed sharply as the government's tightening measures began to take effect.