China Railway Group Ltd. (00390.HK, 601390.CN) said Wednesday its net profit in the first nine months of the year rose 46.44 percent year on year to 6.25 billion yuan (US$1.02 billion). Operating revenue for the period increased to 384.04 billion yuan from 319.55 billion yuan a year earlier, the company said in a stock exchange filing. The value of new contracts signed in the first nine months gained 18.2 percent year on year to 532.79 billion yuan, it said. As only 60 percent of the nation’s rail investment target was met by September, the company’s financial performance this year is expected to surpass that of last year, the China Securities Journal reported Wednesday.
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