China Railway Group net profit up 6.63% in H1

22:41, August 30, 2010      

Email | Print | Subscribe | Comments | Forum 

China Railway Group Ltd., one of China's leading heavy construction firms, said Monday its net profit in the first half of 2010 rose 6.63 percent year on year.

Net profit totalled 3.285 billion yuan (482.88 million U.S. dollars) and earnings per share stood at 0.15 yuan, up 7.14 percent from last year, the company said in a statement filed with the Shanghai Stock Exchange.

During the first six months, China Railway signed new contracts worth 372.48 billion yuan, up 44.9 percent year on year.

Revenue during the period increased 30.11 percent to 192.72 billion yuan.

The Beijing-based firm attributed its strong first half performance to its consolidation of its leading position in the infrastructure building market through the signing of new contracts worth 314.55 billion yuan.

The company said the government's continuous investment in infrastructure, including railways and highways, would provide a platform for the company's future growth.

Source: Xinhua


  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Players of Iran throw up their coach Velasco Julio during the awarding ceremony at the 16th Asian Men's Volleyball Championship in Tehran, capital of Iran, Sept. 29, 2011. Iran won the champion after beating China 3-1 in the final on Thursday. (Xinhua/Ahmad Halabisaz)
  • Greek artists burn copies of emergency tax notices during a protest against austerity measures in Athens, Greece, on Sept. 29, 2011. The Greek government is facing a new wave of protests as it introduces new austerity measures to obtain the sixth tranche of aids necessary to overcome the acute debt crisis.(Xinhua/Marios Lolos)
  • A winner of the 36th Miss Bikini International 2011 poses for a photo at the Olympic Sailing Center in Qingdao, a coastal city of east China's Shandong Province, Sept. 29, 2011. (Xinhua/Chen Jianli)
  • Staff members are in position at Beijing Aerospace Control Center in Beijing, capital of China, Sept. 29, 2011. Commander-in-chief of China's manned space program Chang Wanquan announced Thursday night that the launch of Tiangong-1 space lab module was successful. (Xinhua/Rao Aimin)
  • Champion of Miss Bikini from Poland receives trophy at the final of the 36th Miss Bikini International World Competition in Qingdao, east China's Shandong Province, Sept. 28, 2011. (Xinhua Photo)
  • Photo taken on Sept. 28, 2011 shows autumn scenery of populus euphratica forests in Ejina Banner, north China's Inner Mongolia. The populus euphratica forests here, with an area of 390,000 mu, or 26,000 hectares, is one of the world's most famous populus euphratica forests. The golden leaves and sunshines here in autumn is able to attract more than 100,000 person-times annually. (Xinhua/Zhao Tingting)
Hot Forum Discussion