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China Railway Group's profit up 67.6% in Q3

Nov. 1, 2012 (China Knowledge) - China Railway Group Ltd<601390><0390>, the country's leading railway and highway builder, has said its net profit attributable to shareholder surge 67.59% YoY to RMB 1.88 billion in the third quarter of this year.

According to a statement, basic earnings per share for the period were RMB 0.09, up 80% from a year earlier.

From July to September 2012, the railway and highway builder saw its operation revenue hit RMB 121.24 billion, 7.37% more than it realized in the third quarter of last year.

In the first nine months of this year, the Shanghai and Hong Kong listed company's operation revenue amount to RMB 319.56 billion, edge down 4.85% from a year earlier.

Meanwhile its net profit for the first nine month period grew 19.78% YoY to RMB 4.27 billion, and basic earnings per share were RMB 0.2.

The company wins RMB 450.61 billion worth of new contracts in the first nine months, reflecting a YoY increase of 26%.

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