Jianxi Wannianqing expects significant rise in 9M net profit

Jianxi Wannianqing Cement said it expects net profit to surge in the first nine months of this year compared to the same period of 2012 due to an increase in sales and lower production costs.

The China-based producer expects a rise of 196-223 per cent YoY. It earlier reported a net profit of CNY132.56m for the first half of the year, up 129.02 per cent on the 1H12. Core business revenue jumped 26.13 per cent to CNY2.53bn.