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Sinohydro inks RMB 4.62 bln new contracts

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, Guizhou 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.

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