Thursday, March 31, 2016

CHINA RAILWAY REPORTS GOOD RESULTS

China Railway incomes rises to 11.6b yuan

Business | Mar 31, 17:42


China Railway Group (0390) announced today attributable profit for the year ended December 31, 2015, grew by 13.8 percent to 11.67 billion yuan on revenue of 99.94 billion yuan, up by 1.7 percent on year.
China Railway is mainly engaged in infrastructure construction, survey, design
and consulting services, engineering equipment and component manufacturing, property development and other businesses.
Earnings per share were 53 fen, up by 10 percent over the year before.
The company is ultimately held by the State-owned Assets Supervision and
Administration Commission of the State Council.
For the first time, newly signed overseas contracts surpassed US$10 billion, the company reported.
The company said it has more than 45 percent share in the railway infrastructure market, more than 50 percent share in the urban railway infrastructure market and about 12 percent share in the highway infrastructure market.
The value of new contracts increased by 2.4 percent to 957.02 billion yuan, China Railway said.—The Standard