MCC's New Contracts Plunge Over 9% in January-September Period

MT Newswires Live10-15

Metallurgical Corporation of China (SHA:601618, HKG:1618) or MCC signed new contracts worth 891.7 billion yuan from January to September, down 9.2% from the year-ago period, a Tuesday bourse filing said.

Of this, the value of newly signed overseas contracts rose by 85% year over year to 60.8 billion yuan.

In September alone, the construction engineering company signed eight new contracts with a value greater than 1 billion yuan.

Shares of the firm closed over 3% lower on Tuesday.

Price (HKD): $1.66, Change: $-0.060, Percent Change: -3.49%

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