China Railway Construction Bags 44.3 Billion Yuan in New Projects
China Railway Construction (HKG:1186, SHA:601186) recently won bids for 13 projects worth over 44.3 billion yuan, according to a Wednesday Hong Kong bourse filing.
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China Railway Construction (HKG:1186, SHA:601186) recently won bids for 13 projects worth over 44.3 billion yuan, according to a Wednesday Hong Kong bourse filing.
China Railway Construction's (HKG:1186, SHA:601186) newly signed contracts between January and June amounted to 878.2 billion yuan, down 17% year over year, according to a Hong Kong bourse filing on Tuesday.The railway infrastructure developer's Shanghai shares slipped 1% during Wednesday's morning trade.The value of new contracts during the second quarter was 520.3 billion yuan.
China Railway Construction's (HKG:1186, SHA:601186) subsidiary China Railway 18th Bureau Group won a contract for the Emirates New Engineering Facility at Dubai World Central Airport worth about 17.5 billion United Arab Emirates dirhams, according to a Tuesday Hong Kong bourse filing.The railway infrastructure developer's Hong Kong shares fell nearly 1%, while its Shanghai shares rose marginally in Tuesday morning trade.The project, funded and developed by Emirates, will cover a gross floor area of about 1.21 million square meters.The scope of works includes construction of maintenance hangars, paint hangars and related ancillary facilities, with a construction period of 50 months.
China Railway Construction (HKG:1186, SHA:601186) posted net profit attributable to shareholders of 4.39 billion yuan for the first quarter, down 15% from 5.15 billion yuan a year earlier, according to a Wednesday Hong Kong bourse filing.The railway infrastructure developer's Hong Kong shares declined 3% in Thursday afternoon trade.Earnings per share came in at 0.28 yuan, compared with 0.34 yuan a year earlier.Revenue fell 9.8% to 231.6 billion yuan from 256.8 billion yuan in the prior-year period.