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Chengdu Road & Bridge reports 11.68% growth in H1 profit

Aug. 2, 2012 (China Knowledge) - Chengdu Road & Bridge Engineering Co Ltd<002628> announced yesterday that its net profit attributable to shareholders rose 11.68% YoY to RMB 84.54 million in the first half of this year.

Basic earnings per share were RMB 0.25 during the period, said the company in its interim report.

Chengdu Road & Bridge realized RMB 1.30 billion in operating revenue in the first half, 13.38% more than in the same period of 2011.

The company expected its net profit to grow between 5% and 40% YoY to between RMB 155 million and RMB 207 million in the first nine months of this year.

The company also said that it has won RMB 514 million of construction order from Sichuan Quxian Communications Development Co. The contract value is equivalent to 20.14% of the firm's operating revenue in 2011.

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