SINOPEC Engineering's Q1-Q3 New Contract Value Jumps 24%

MT Newswires Live
Oct 17

SINOPEC Engineering (Group)'s (HKG:2386) total value of new contracts for the nine months ended Sept. 30 rose 24% to 91.3 billion yuan from 73.5 billion yuan a year prior, a Friday Hong Kong bourse filing said.

In the third quarter alone, the firm entered into 20.2 billion yuan of new contracts.

As of Sept. 30, the engineering and construction firm's backlog stood at 215.5 billion yuan, up 25% from 172.7 billion yuan as of Dec. 31, 2024.

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