China state moves into 21.7% year-on-year growth.

Analysis, Slider 11 Aug 2014
China state moves into 21.7% year-on-year growth.

The Group recorded an accumulated new contract value of HK$38.77 billion in the seven months ended 31 July 2014, representing a Year-on-Year (“YoY”) growth of 21.7%, and hence achieved a 70.5% completion of the full year target of 2014 (which shall not be less than HK$55.00 billion).
As of 31 July 2014, the on-hand contract value of the Company amounted to approximately HK$147.09 billion, among which the backlog was approximately HK$92.18 billion (representing a YoY growth of 21.6%), which meets the Group’s expected works in the next three years.
Major New Contracts Awarded in July 2014 include:
Relocation Housing Project Phase 1 in residents public service core district of Zhengzhou, Henan Province (the client of such project is Zhengzhou Municipal Government and the attributable contract value of the Group is about HK$2.35 billion);
Project of Wuhan East Lake Passageway in Hubei Province (Plum Garden-Yujiahu) (the client of such project is Wuhan Municipal Government and the attributable contract value of the Group is about HK$1.11 billion);
Project of Wuhan Yangtze River Avenue in Hubei Province (Zhongnan Road-Luxiang) (the client of such project is Wuhan Municipal Government and the attributable contract
value of the Group is about HK$0.50 billion).

New contracts awarded

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New contracts awarded 30 June 2014 and 30 June 2013

Projects in progress

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value of projects in progress of Far East Global as of 30 June 2014 and 30 June 2013.

 

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