China Communications Construction Reports Rise in Profit, Revenue

By Saurabh Chaturvedi Features Dow Jones Newswires

China Communications Construction Co. (1800.HK) on Tuesday said its net profit rose 8.4% in the first half from a year earlier, helped by a rise in new contracts.

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The Chinese rail builder and engineering company said in a stock-exchange filing that its net profit in the six months ended June 30 was 7.87 billion yuan ($1.19 billion), compared with CNY7.26 billion a year earlier.

First-half revenue rose 3.8% to CNY189.28 billion.

The value of new contracts for period rose 52% to CNY431.24 billion from a year ago.

Write to Saurabh Chaturvedi at saurabh.chaturvedi@wsj.com

(END) Dow Jones Newswires

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August 29, 2017 11:51 ET (15:51 GMT)