China Communications Construction Co (DE:CYY) has released an update.
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China Communications Construction Co. reports a mixed financial performance for the first half of 2024, with revenue dipping by 2.6% to RMB356,010 million, but gross and operating profits showing an uptick of 4.2% and 4.0% respectively. Despite a slight decrease in profit attributable to owners and basic earnings per share, the company saw an 8.4% growth in new contracts and maintains a substantial backlog. The company aligns with national development goals, emphasizing high-quality growth and innovation, and proposes an interim dividend plan for shareholders.
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