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Continental Holdings Corporation (TWSE: 3703) Reported April 2024 Consolidated Revenue of NT$2,765M

Continental Holdings Corporation (CHC) today (May 10th) reported April 2024 consolidated revenue of NT$2,765M. Consolidated revenue for January through April 2024 totaled NT$8,926M.

CHC’s consolidated revenue for January through April 2024 saw a decrease of 4.1% compared to the same period in 2023, mainly due to a decreased revenue from handover of new residential projects from Real Estate Development Business (Continental Development Corporation), partially offset by a 59.4% revenue growth from Environmental Project Development and Water Treatment Business (HDEC Corporation).

Real Estate Development Business signed a joint development agreement in April. The project is located at the Guanghua Section, North District, Hsinchu City, adjacent to Performing Arts Center of the Cultural Affairs Bureau, Hsinchu City, with a lot size of approximately 2,240.8 m2. This project is expected to launch pre-sale after 2027.

Environmental Project Development and Water Treatment Business, in collaboration with CTCI, jointly held an inauguration ceremony for the first phase of Chungli Area Sewerage System Build-Operate-Transfer (BOT) project in April. The project will be implemented in four phases. After completion of all phases, the wastewater treatment capacity will reach 156,800 cubic meters per day, ranked as the second largest wastewater treatment project under Taiwan’s Promotion of Private Participation (PPP) initiative. Upon completion of the first phase, the plant can process 39,200 tons of domestic sewage per day.