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Sinohydro inks RMB 127 bln contracts in Jan-Sep

Oct. 17, 2012 (China Knowledge) - Sinohydro Group Ltd<601669>, a Chinese dam builder, has announced that it inks RMB 127.06 billion worth of new contracts in the first nine months of this year, which accounted for 82% of the company's annual target.

According to a statement, the dam builder inked RMB 85.74 billion worth of domestic contracts in the nine-month period, including RMB 34.73 billion worth of hydropower projects.

Meanwhile, the Shanghai listed company saw its foreign contract value amounted to RMB 41.31 billion during the period.

In the first half of this year, Sinohydro Group realized RMB 2.01 billion in net profit attributable to shareholders, reflecting a YoY increase of 10.66%.

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