China’s MCC successfully diversifies from metallurgy
Apr 02, 2020 13:30
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Metallurgical Corporation of China Ltd (MCC), China’s largest construction and engineering service provider, saw its business model further diversifying from the traditional metallurgical projects in 2019, as the revenue from the sector decreased to 22.5% of the total from the 25.1% for 2018, according to the company’s latest annual report released on April 1.
Last year, MCC’s total business revenue grew nearly
17% on year to Yuan 338.6 billion ($47.7 billion), and its net profit increased
3.6% on year to Yuan 6.6 billion, while among the total new contracting value
of Yuan 750.6 billion for 2019, a new record high amount, which was up 19.4% on