China Harbor rides high in 2011
By Xu Lian and Chen Xing | China Daily | Updated: 2012-01-10 08:12
State-owned China Harbor Engineering Co (CHEC), one of China's top port builders, sealed new contracts worth $5.2 billion last year, surpassing the target of $3.85 billion set by its parent company China Communications Construction Co (CCCC).
Its full-year revenues hit $2.5 billion last year, also surpassing its 2011 goal. The company's gross profit was $190 million.
The figures ensured CHEC met all its targets for the sixth consecutive year while setting major company records.
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