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Continental Holdings Corporation (TWSE: 3703) Reported August 2021 Consolidated Revenue of NT$1,607M

Continental Holdings Corporation (CHC) today (September 10th) reported August 2021 consolidated revenue of NT$1,607M. Consolidated revenue for January through August 2021 totaled NT$15,151M.

CHC’s consolidated revenue for January through August 2021 saw an increase of 18.9% compared to the same period in 2020, and all three business segments delivered year-over-year revenue growth this period as well. Real Estate Development Business (Continental Development Corporation) saw the most advancement, mainly due to revenue from completed projects such as 55Timeless. Construction Business (Continental Engineering Corporation) saw its growth mainly from Taoyuan MRT Green Line GC01 Section and other private sector construction projects. Environmental Project Development Business (HDEC Corporation) also grew meaningfully, mainly fueled by construction of Anping Reclaimed Water Plant and Tongluo Science Park Wastewater Treatment Plant Phase II EPC.

The iconic Taipei-based Project Bountiful Journey of Real Estate Development Business has received its Use Permit in August. Bountiful Journey is expected to begin handover and recognize revenue from October, and the handover is expected to complete in the first half of 2022. Total sales amount for the project accumulated to NT$8,201M.