Nine-month net profit of China Railway Group increases by 19.78%
2012-12-12 11:20:15China Railway Group recorded a net profit of CNY 4.27bn (EUR 528.46mn USD 684.17mn) in January-September 2012, up by 19.78% when compared with the previous corresponding period. Operation revenue dropped 4.85% to CNY 319.56bn, while its basic earnings per share (EPS) amounted to CNY 0.2. The value of new contracts received by the highway and railway construction company rose by 26% to CNY 450.61bn.
For 2012's third quarter, China Railway Group's operation revenue increased by 7.37% to reach CNY 121.24bn. The company's net profit attributable to shareholders amounted to CNY 1.88bn, up by 67.59%, with its basic EPS increasing by 80% to CNY 0.09.