China State Construction International (CSCI) (03311) said the Group recorded an accumulated new contract value of HK$7.84 billion in January, a decrease of 5.9% from a year earlier and hence achieved a 10.1% completion of the full year target of 2016 (which should be no less than HK$78 billion).
As of 31 January 2016, the on-hand contract value of the Group amounted to about HK$206.55 billion, among which the backlog was about HK$131.22 billion, equivalent to 3.8 times of the Group's audited revenue of 2014.
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