China State Construction Development sees nine-month operating profit rise

Business | 18 Oct 2019 4:51 pm

China State Construction Development (0830) posted its operating profit for the first nine months this year rose 20.27 percent year-on-year to HK$202 million.

Revenue for the period grew 13.61 percent from a year earlier to HK$2.69 billion.

The company's accumulated new contract value amounted to HK$3.32 billion for the first three quarters, dropping 18.86 percent over a year ago and taking up 66.44 percent of its full-year target of at least HK$5 billion.

Shares of the company went up 1.2 percent, or 1 HK cent, to close at 84 HK cents.

 

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