China Communications Construction Co (DE:CYY) has released an update.
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China Communications Construction Co. has reported a promising 8.37% year-on-year increase in the value of new contracts in the first half of 2024, reaching RMB960,867 million, which is 48% of their annual target. This growth includes a significant 38.88% rise in overseas market contracts, now accounting for about 20% of the group’s new contract value. However, certain segments like dredging and other businesses saw a decline in new contracts, indicating a mixed but overall positive performance in their operational status.
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