Fujian Cement reports marked rise in net profit, China

Fujian Cement recorded CNY124m (US$19.66m) in net profit last year, up a staggering 1434 per cent YoY, China Business Newswire citing the company’s annual report released in March 2012.

Operating revenue rose 38.3 per cent to CNY1.88bn with basic earnings per share of CNY0.33. The company, which is headquartered in the Fujian province of China, plans to distribute a cash dividend of CNY0.5 (before tax) for every 10 shares held.