CSCEC net profit up 94.8% in H1
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China State Construction Engineering Corporation (CSCEC), one of China's leading construction firms, said Tuesday its first-half-year net profits rose 94.8 percent from one year earlier.
Net profits totaled 4.63 billion yuan (680.32 million U.S. dollars) and earnings per share stood at 0.15 yuan, up 15.4 percent from the same period last year, the company said in a statement filed with the Shanghai Stock Exchange.
Business revenues reached 158.24 billion yuan, up 42.1 percent year on year, the Beijing-based company said.
The value of newly signed contracts in the first half of 2010 rose 49.1 percent from a year earlier to 304.6 billion yuan, in which home building, infrastructure building, designing and surveying business grew by 59.6 percent, 25.3 percent and 25.8 percent, respectively, said CSCEC.
