Continental Holdings Corporation (CHC) today (April 12^th) reported March 2023 consolidated revenue of NT$2,441M. Consolidated revenue for January through March 2023 totaled NT$6,669M.

CHC’s consolidated revenue for January through March 2023 saw a decrease of 33.5% compared to the same period in 2022, mainly due to a higher revenue base from the peak handover period for Real Estate Development Business (Continental Development Corporation) last year.

Construction Engineering Business has been selected by Taipei City’s Department of Rapid Transit Systems as the principal contractor for CF670A Contract for the South Section of Taipei MRT Circular Line in March. The scope of work includes the construction of two stations, one crossover, and two shield tunnels, together with the associated mechanical and electrical engineering work. The works are to be completed within 3,225 calendar days, with a contract value of approximately NT$8.838 bn (tax included).

Real Estate Development Business acquired a piece of land located at the Nangang section, Nangang district, Taipei City in March for property development. The land is near the MRT Nangang Software Park Station and faces the CTBC Financial Park with a lot size of approximately 763.81 pings (including the joint construction portion). This project is expected to launch pre-sell after 2025.