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China Railway Construction wins RMB 2.64 bln contracts

Sep. 18, 2012 (China Knowledge) - China Railway Construction Corp Ltd or CRCC<601186><1186>, a leading state-owned construction company in the country, has announced two of its subsidiaries recently signed two contracts worth RMB 2.64 billion.

The contract value is equivalent to 0.58% of the company's operating revenue in 2011.

The company said in a statement that its subsidiary No.1 Engineering Corp Ltd of CR20G won RMB 1.12 billion expressway construction project in Suzhou, Jiangsu Province.

While China Railway 18 Bureau Group Co Ltd won RMB 1.53 billion infrastructure construction project in Chengdu, Sichuan Province.

In the first half of this year, China Railway Construction Corp realized RMB 184.53 billion in operation revenue, down 12.71% YoY, while its net profit for the first six-month period dropped 12.39% YoY to RMB 3.19 billion.

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