China Resources Cement Holdings Ltd saw sales of its core cement and concrete products grow in the first two months of this year, but the gross profit margin fell as raw material costs increased, the South China Morning Post reported, citing the company’s vice-chairman and general manager Shi Shanbo. The Hong Kong-based newspaper said sales of the company’s cement products jumped about 13 per cent year-on-year to 460,000t, while the selling price slipped 5 per cent. Concrete sales doubled to 300,000 cubic meters, but the selling price dropped about 3 per cent from the same period last year. The paper said gross profit margin dropped by one to two percentage points to about 24 to 25 per cent in the first two months. This compared with its gross profit margin of 26 per cent last year.
     Published under Cement News