 |
|
  |
2009-4-15 01:11:00 p.m. HKT, XFNA
DJ China Communications Construction: Capex Cut To CNY10B In '09
|
| |
| HONG KONG (Dow Jones)--China Communications Construction Co. (1800.HK) said Wednesday it would cut its capital expenditure by 43% to CNY10 billion this year because some infrastructure projects need less capital than last year.
Board Secretary Liu Wensheng told a news conference the projects had reached stages last year where more investment was needed. The company's capital expenditure in 2008 totaled CNY17.55 billion.
The infrastructure construction and port machinery manufacturer said Tuesday its 2008 net profit rose 0.7% to CNY6.08 billion. -By Jeffrey Ng, Dow Jones Newswires; 852-2802-7002; jeffrey.ng@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=ZoEQ9VJtYzxGsJmjLFOE1Q%3D%3D. You can use this link on the day this article is published and the following day.
-0-
Copyright (c) 2009 Dow Jones & Company, Inc. |
| |
News Provided by XFNA |
| |
|
| Copyright(C) AASTOCKS.com Limited 2000. All rights reserved |
| |
|
|
|
