{"id":6204,"date":"2022-08-02T15:43:14","date_gmt":"2022-08-02T07:43:14","guid":{"rendered":"https:\/\/www.continental-holdings.com\/?p=6204"},"modified":"2022-08-02T15:43:14","modified_gmt":"2022-08-02T07:43:14","slug":"continental-holdings-corporation-twse-3703-reported-1h22-eps-of-2-65-a-new-high-for-first-half","status":"publish","type":"post","link":"https:\/\/www.continental-holdings.com\/en\/about\/media-center\/continental-holdings-corporation-twse-3703-reported-1h22-eps-of-2-65-a-new-high-for-first-half\/","title":{"rendered":"Continental Holdings Corporation (TWSE: 3703) Reported 1H22 EPS of $2.65,  a New High for First-half"},"content":{"rendered":"<p>Continental Holdings Corporation (CHC) today (Aug 2<sup>nd<\/sup>) reported its financial results for the first half of fiscal year 2022. CHC posted consolidated revenue of NT$18,264M, operating profit of NT$2,412M, and net profit of NT$2,180M. EPS came in at NT$2.65, reaching record high for first half of fiscal year.<\/p>\n<p>CHC\u2019s consolidated revenue for the first half of 2022 saw an increase of 52.9% compared to the same period last year, and all three business segments delivered year-over-year revenue growth as well. Real Estate Development Business (Continental Development Corporation) saw the most advancement, mainly from handover of <em>Bountiful Journey.<\/em> Environmental Project Development &amp; Water Treatment Business (HDEC Corporation) also grew significantly, mainly from construction of <em>Anping Reclaimed Water Plant<\/em> and<em> Tongluo Science Park Wastewater Treatment Plant<\/em> <em>Phase II EPC<\/em>. Construction Engineering Business (Continental Engineering Corporation) saw its growth mainly from private sector building construction projects and public sector projects such as<em> Taipei MRT Wanda Line CQ850A Section <\/em>and <em>Taoyuan MRT Green Line GC01 Section<\/em>.<\/p>\n<p>With significant increase in both revenue and gross margin compared to the same period last year, CHC\u2019s operating profit for the first half of 2022 increased 127.3% year-over-year. Net profit gained 171.5% year-over-year favored by growth in operating profit and by recognition of an one-time income tax benefit. Net profit for all three business segments also grew compared to the same period last year.<\/p>\n<p>CHC remained with a healthy volume level of backlog. As of June 30<sup>th<\/sup>, 2022, backlog for Construction Engineering Business came to NT$73.8B, translating to 4.3 times of its revenue for fiscal 2021. Revenue backlog of Real Estate Development Business summed up to NT$14.6B, equivalent to 1.8 times of its revenue for fiscal 2021. Contracts on hand for Environmental Project Development &amp; Water Treatment Business totaled NT$37.4B and was approximately 10.6 times of its revenue for fiscal 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Continental Holdings Corporation (CHC) today (Aug 2nd) reported its financial results for the first half of fiscal year 2022. CHC posted consolidated revenue of NT$18,264M, operating profit of NT$2,412M, and net profit of NT$2,180M. EPS came in at NT$2.65, reaching record high for first half of fiscal year. CHC\u2019s consolidated revenue for the first half &hellip; <a href=\"https:\/\/www.continental-holdings.com\/en\/about\/media-center\/continental-holdings-corporation-twse-3703-reported-1h22-eps-of-2-65-a-new-high-for-first-half\/\">Continued<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[78],"tags":[],"_links":{"self":[{"href":"https:\/\/www.continental-holdings.com\/en\/wp-json\/wp\/v2\/posts\/6204"}],"collection":[{"href":"https:\/\/www.continental-holdings.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.continental-holdings.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.continental-holdings.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.continental-holdings.com\/en\/wp-json\/wp\/v2\/comments?post=6204"}],"version-history":[{"count":1,"href":"https:\/\/www.continental-holdings.com\/en\/wp-json\/wp\/v2\/posts\/6204\/revisions"}],"predecessor-version":[{"id":6205,"href":"https:\/\/www.continental-holdings.com\/en\/wp-json\/wp\/v2\/posts\/6204\/revisions\/6205"}],"wp:attachment":[{"href":"https:\/\/www.continental-holdings.com\/en\/wp-json\/wp\/v2\/media?parent=6204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.continental-holdings.com\/en\/wp-json\/wp\/v2\/categories?post=6204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.continental-holdings.com\/en\/wp-json\/wp\/v2\/tags?post=6204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}