Huaxin expects strong rise in full-year net profit, China

Huaxin expects strong rise in full-year net profit, China
Published: 22 January 2014

Tagged Under: Huaxin Cement China Results Holcim 

Huaxin Cement expects net profit to increase by between 105-125 per cent YoY in 2013 compared to a profit of CNY556m in 2012 when it suffered from severe pricing competition.

The Hubei Province-based producer, part of the Holcim Group, attributes the profit growth to increasing sales and reduced production costs.