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Sinohydro's H1 new contracts value hits RMB 95.13 bln

Jul. 12, 2012 (China Knowledge) - Sinohydro Group Ltd<601669>, a Chinese dam builder, announced yesterday that it signed RMB 95.13 billion of contracts in the first half of this year.

The company said in a statement filed with the Shanghai Stock Exchange that the new contract value is equivalent to 61.37% of its target for this year.

In the first six months, the company secured RMB 65.77 billion of contracts from the domestic market. The figure comprised RMB 29.02 billion contracts for water conservancy and hydropower projects and RMB 36.75 billion for other projects

In the same period, Sinohydro won RMB 29.36 billion of contracts from overseas market.

In the first quarter of this year, the company's net profit was RMB 721.08 million, and its core business revenue reached RMB 24.2 billion.

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