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China Communications Construction Co. Reports Strong Contract Growth in Q4 2024

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China Communications Construction Co ( ($HK:1800) ) just unveiled an update. China Communications Construction Company Limited reported
China Communications Construction Co. (CCCC) reported a significant increase in new contract values during the fourth quarter of 2024, with a total of 1.2 trillion yuan ($169 billion) in new contracts, marking a 15% rise from the previous year. This growth was primarily driven by a surge in infrastructure projects, particularly in transportation and urban development sectors. The company's international business also saw robust growth, contributing to 30% of the new contracts, with notable projects in Southeast Asia, Africa, and the Middle East. Despite global economic challenges, CCCC's strategic focus on high-quality development and expanding its global footprint has paid off, enhancing its market position and financial stability.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/china-communications-construction-co-reports-strong-contract-growth-in-q4-2024/ar-AA1xT4RI ]