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Sinohydro's profit up 15% in Q3

Nov. 1, 2012 (China Knowledge) - Sinohydro Group Ltd<601669>, a Chinese dam builder, has said its net profit attributable to shareholders increase 14.89% YoY to RMB 866.71 million in the third quarter of this year.

According to a statement filed with Shanghai Stock Exchange, basic earnings per share for the period were RMB 0.09.

From July to September, the Shanghai listed company saw its operation revenue hit RMB 33.12 billion, more than RMB 26.92 billion it realized in the third quarter of 2011.

In the first nine months of this year, the Chinese dam builder saw its operation revenue totalled RMB 88.3 billion, 13.78% more than in the corresponding period of 2011. while its net profit for the period increased 11.9% YoY to RMB 2.88 billion.

The company inked RMB 127.06 billion worth of contracts in the first nine month of this year, which accounted for 82% of its annual target.

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