Dec. 3, 2012 (China Knowledge) - Sinohydro Group Ltd<601669>, a Chinese dam builder, has announced it recently inks five new contracts with total value of RMB 4.62 billion.
According to a statement filed with Shanghai Stock Exchange
, the company said its subsidiary, Sinohydro Bureau 14 Co Ltd, wins a railway construction with contract value of RMB 2.24 billion.
Meanwhile, Sinohydro Group's another subsidiary, Sinohydro Bureau 9 Co Ltd, inks a construction project in Zunyi
Province, with contract value of RMB 800 million.
In the first nine months of this year, the Chinese dam builder saw its net profit increased 11.9% YoY to RMB 2.88 billion, and the company inked RMB 127.06 billion worth of new contracts in the nine-month period, China Knowledge reported earlier