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.
How site conditions determine which aerial work platform is best suited to the project
Intelligent intervention that can help contractors prevent incidents without compromising productivity
In the face of rising costs, tighter margins and labor shortages, there has never been a greater need to make the best use of every hour on site