China Tianrui sees 1H net profit down 30%

China Tianrui Group Cement said it expects net profit to be down around 30 per cent for the first half of 2012 compared to the same period of last year.

The company said that since the second quarter of 2012, there has been a rebound in market demand for cement products in Central China and Liaoning province and the sales volume and selling prices of cement products of the company has generally increased and remained relatively stable as compared to the prior quarter, but were still lower as compared to the same period in 2011.