Fujian Cement 1H report

Fujian Cement 1H report
Published: 28 July 2004

Shanghai-listed Fujian Cement Stock Co has reported earnings per share of 0.17 yuan for the first half of 2004 ended June 30, up from the 0.03 yuan for the same period of 2003. The company’s net profits before deduction of non- current gains and losses in the first half of 2004 reached 46.959 million yuan, as compared with 7.4815 million yuan for the same period of 2003. Its main operating turnover in the first half of 2004 stood at 463.5294 million yuan, up from 393.1 million yuan in the same period of 2003. The company posted return on net assets of 7.7 percent for the first half of 2004, up from 1.38 percent in the same period of 2003. Its adjusted net assets per share were 1.95 yuan at the end of June 2004, up from 1.82 yuan at the end of 2003.