(MENAFN) China Railway Group Limited posted an increase of its net profit for the first six month of the year of 16.42 percent over a year earlier, Xinhua reported.
The company recorded a net profit of USD660.9 million in the January-June period of the year, while revenue reached USD44.8 billion for the cited period.
Revenue showed an increase of 11.93 percent compared to the same period a year ago, the company said in a statement citing its outlook.
The good performance was attributed to the government's renewed focus on infrastructure building including railway construction, as part of efforts to boost the economy.
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