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CN National Chemical sees 52.7% up in H1 profit

Aug. 17, 2012 (China Knowledge) - CN National Chemical Engineering Co Ltd<601117>, which is principally engaged in engineering construction and design, has announced its net profit attributable to shareholders surged 52.72% from a year earlier to RMB 1.35 billion in the first half of this year.

Basic earnings per share for the period were RMB 0.27.

In a statement filed with Shanghai Stock Exchange, the company said its operation revenue for the six-month period hit RMB 22.98 billion, reflecting a YoY increase of 25.8%.

In the first half of this year, CN National Chemical Engineering inked RMB 55.65 billion worth of new contracts, 5.7% lower than a year earlier. Of which, 51.9% or about RMB 28.87 billion were foreign contracts.

As of the end of Jun 30, 2012, the company had 2,137 projects under construction, including 71 overseas projects.

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