trending Market Intelligence /marketintelligence/en/news-insights/trending/CpfC6DMggyA30uMAl9V5Jg2 content esgSubNav
In This List

China State Construction Engineering Q2 profit climbs 24.0% YOY

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix

Blog

Using ESG Analysis to Support a Sustainable Future


China State Construction Engineering Q2 profit climbs 24.0% YOY

China State Construction Engineering Corp. Ltd. said its second-quarter normalized net income came to 20 fen per share, an increase of 18.5% from 17 fen per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 6.02 billion yuan, an increase of 24.0% from 4.86 billion yuan in the prior-year period.

The normalized profit margin increased to 2.7% from 2.3% in the year-earlier period.

Total revenue rose on an annual basis to 219.97 billion yuan from 211.39 billion yuan, and total operating expenses grew on an annual basis to 203.39 billion yuan from 198.00 billion yuan.

Reported net income came to 7.10 billion yuan, or 23 fen per share, compared with 7.07 billion yuan, or 24 fen per share, in the year-earlier period.

As of Aug. 24, US$1 was equivalent to 6.40 yuan.