China railway loses 1.36 billion in third quarter on Saudi project

NetEase Finance October 28 News China Railway Construction announced three quarterly, the company's third-quarter loss of 1.36 billion yuan, to achieve operating income of 122.774 billion yuan, an increase of 29.71%, per share earnings-0.11 yuan.　　January-September, the company realized operating income of 302.094 billion yuan, an increase of 34.34%, net profit of 2.018 billion yuan, down 45.11% per share earnings 0.16 yuan, down 46.67%. During the reporting period, the company signed a new contract amount of $226.046 billion, an increase of 70.92% over a year earlier. 1-September, the company accumulated a new contract amounted to 539.471 billion yuan, an increase of 38.47% companies said that the first three quarters of the company's assets impairment loss of 649 million yuan, mainly because of the current period of Shatmega light rail project estimated loss caused.　　It is expected that the project will have a significant impact on the company's net profit for the current year if the company is unable to obtain approval from the owner prior to the 2010 Annual performance report on the changes and claims for the light rail project in Saudi Mecca. China Railway Construction reported 7.49 Yuan, down 0.27%.