China railway projects estimated loss of 4.153 billion

China CRCC (601186) October 25 Evening announcement, the company Saudi Mecca Light rail project is scheduled to operate on November 13, the project in the implementation process, due to the actual number of projects than contracted when the expected increase in the amount of work is expected to occur large losses. According to the exchange rate of September 30, the project contract is estimated to be 12.07 billion yuan, the total cost of the contract is 16.069 billion yuan, and the contract loss is 3.999 billion yuan.　　Plus the financial cost of 154 million yuan, the total loss of the project is estimated to be 4.153 billion yuan. The company said the project would have a significant impact on the company's profits in the third quarter of 2010. The project is expected to have a significant impact on the company's 2010 profit if it is not possible to obtain the owner's approval for the change and claim prior to the 2010 Annual performance report.