China Knowledge reported that Metallurgical Corp of China Ltd or MCC, the country leading mining and smelting operator new contract value for the first half of this year decreased 25.4% YoY to CNY 123.61 billion.

According to a statement filed with Shanghai Stock Exchange, the mining and smelting operator saw its overseas contract hit CNY 10.25 billion in the six-month period.

In June 2012, the company inked five major contracts worth over CNY 500 million each with contract value of CNY 4.69 billion accounted for 2% of its 2011 operating revenue.

In the first quarter of this year, MCC realized CNY 44.85 billion in operating revenue, up 4.28% YoY while its net profit attributable to shareholders declined 27.82%YoY to CNY 863.39 million.

Source - China Knowledge

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