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China Railway Group sees 2.2% down in H1 profit

Aug. 31, 2012 (China Knowledge) - China Railway Group Ltd<601390><0390>, the country's leading railway and highway builder, has said its net profit attributable to shareholders dropped 2.18% YoY to RMB 2.39 billion in the first half of this year.

Basic earnings per share for the first six months of this year were RMB 0.11, compared with RMB 0.12 it realized in the corresponding period of 2011.

In a statement filed with Shanghai Stock Exchange, the company saw its operation revenue reach RMB 198.31 billion during the period, reflecting a YoY decrease of 11.04%.

Revenue from mainland China decreased 11.62% YoY to RMB 189.73 billion in the six-month period, while that from overseas market grew 5.9% YoY to RMB 8.56 billion.

In the first half of this year, the company signed RMB 290.41 billion worth of new contracts, accounting for 44.7% of its annual target.

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