CRRC Corp saw its overseas orders more than double in the first half of 2016. Newly signed overseas orders amounted to USD 2.24 billion, an increase of 126 percent year on year, according to a CRRC filing with the Shanghai Stock Exchange.
One of the most important contract for CRRC was signed in March with Chicago in order to build 846 metro cars. In H1, the company also accepted an order for 56 diesel locomotives from Kenya, another order for 96 metro vehicles from Thailand and 76 metro cars for Delhi, India.
The overseas market expansion contributed to a 2.04 percent year-on-year increase in the CRRC’s net profits, which reached USD 718.6 million in the period.
The company’s revenue rose 1.04 percent from a year earlier to USD 14 billion in the first half of 2016.
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