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China Gezhouba inks RMB 72.53 bln contracts in 2011

Jan. 3, 2012 (China Knowledge) - China Gezhouba Group Co Ltd<600068>, which is primarily engaged in contract construction of projects, has announced that its new contract value totaled RMB 72.53 billion in 2011, 103.61% more than its target of RMB 70 billion for last year.

The company said in a statement filed with the Shanghai Stock Exchange that it secured RMB 41.71 billon of contracts in the domestic market in 2011, which accounted for 57.51% of its total, and RMB 30.82 billion of contracts from overseas market.

Of the total, RMB 31.76 billon of contracts was for hydropower projects.

China Gezhouba booked a net profit of RMB 1.29 billion in the first three quarters, 30.94% more than in the same period in 2010, and its operating revenue surged 41.04% year on year to RMB 35.08 billion during the period.

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