Net profits rise 8.7% for China Communications
Premium Content
03 April 2017
State-owned China Communications Construction Company (CCCC) has reported net profits of CNY17.21 billion (US$2.5 billion) for 2016, a rise of 8.7% on the previous year.
Revenues for the company were also up by 6.5%, to CNY430 billion.
The value of CCCC’s new contracts across the year reached over CNY650 billion (US$94.3 billion), with new overseas contracts making up more than 30% of the total.
The company said it now has contracts for work in 140 countries and regions, where it is involved with 1,282 projects.
As urban construction becomes more restricted and operator expectations rise, compact excavators are taking on a more strategic role across contractor fleets
Joel Honeyman will discuss the practical realities of bringing electrification into off-highway equipment, at February 17 event
Mr Shi Heng, assistant to the general manager of Zoomlion Zvally Co Ltd, on the future of heavy equipment manufacturing