Chaodong Cement Posts 1H earnings, China

Chaodong Cement Posts 1H earnings, China
Published: 27 July 2011

Anhui Chaodong Cement reported a net profit of CNY167m (US$25.9m) and earnings per share (EPS) of CNY0.7 in the first half of 2011, according to a company filing.

The company posted a loss of  CNY14.13m, a per-share loss of CNY0.06, in the same period last year.

Chaodong Cement attributed the increase in net profit to an average 54.84 per cent growth in product price during the accounting period.