Jujiang Construction Group Co., Ltd. Provides Preliminary Unaudited Consolidated Group Earnings Guidance for the Six Months Ended June 30, 2021
August 10, 2021 at 03:06 pm IST
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Jujiang Construction Group Co., Ltd. provided preliminary unaudited consolidated group earnings guidance for the six months ended June 30, 2021. For the period, the group expects to record an increase of approximately 30% to 40% in net profit as compared to that of approximately RMB 57.4 million for the corresponding period of last year. Such increase was mainly attributable to an increase in revenue and gross profit of the group being recognised for the period, which was mainly attributable to the higher level of backlog as at December 31, 2020 and the increase in the amount of net values of new projects undertaken by the group; and a decrease in other expenses due to the absence in the period of the loss on disposal of a subsidiary amounting to approximately RMB 6.4 million recognised during the six months ended June 30, 2020.
Jujiang Construction Group Co., Ltd. is an investment holding company principally engaged in the construction contracting businesses. The Company operates through two segments. Construction Contracting segment is engaged in the provision of services related to construction contracting in architecture, such as building construction, foundation works, curtain wall construction and building decoration, among others. Its services are for residential properties, commercial properties, industrial properties and public facilities. Others segment is engaged in the provision of designing, surveying and mapping, monitoring and consulting services in the engineering of municipal management and construction, the installation of lifting equipment, the sales of construction materials and civil defense products, as well as the provision of services related to construction contracting in architecture.
JUJIANG CONSTRUCTION GROUP CO., LTD. 
