Taipei, Taiwan – May 18.2012 — Continental Holdings Corporation (CHC, TWSE : 3703) announced its operation report for the financial year ending 2011and its operation plan for 2012. As reported, CHC turned in a consolidated revenue of NT$26.86 billion, net income of NT$984 million, EPS of NT$ 1.17 and will be offering cash dividends of NT$ 0.50.

“Compared with 2010, we had gained 2.8% in net income but sustained 11.2% loss in consolidated revenue, clearly demonstrating shrewd risk management and profitability even in the face of European Debt and Blast Real Estate Speculation in 2011,” said Ken Hung, CEO of CHC. “Construction and real estate development contributed the most to consolidated revenue at 80% and 19% respectively.  In particular, real estate development delivered an outstanding efficiency in gross profit rate and as such, would be the key operating area for CHC in 2012.”

The income for real estate development was contributed by CDC, an affiliate of the CHC Group. The total revenue of CDC for 2011 is NT$ 5.196 billion; with contribution by realty sales (NT$ 5.021 billion) and rental income (NT$ 175 million) while the net income is NT$ 1.28 billion.  For CDC’s  operation plan in 2012  , besides realty sales and pre-sales, CDC would be focusing its efforts on urban renewal, large-scale projects as well as land development to increase not just the scale of projects but to increase land stock too. CDC aims to be the leading brand in real estate, with core strengths in project planning, quality control and after-sales service.

The income for construction was contributed by CEC, another affiliate of the CHC group. The  total revenue of CEC is NT$ 21.664 billion, and construction made up NT$ 21.481 billion, with primary focus on bridge, metro and building.  In the next 3 years, CEC plans to maintain its domestic market share and gain profits steadily, as well as to expand selected foreign markets aggressively. To achieve its targets, CEC would be targeting metro and infrastructure projects to enhance its local construction business. In terms of overseas expansions, HK, Macau and ASEAN have been earmarked for joint ventures, in addition to on-going projects in the existing American and Indian markets.