Henan Tongli anticipates full-year decline, China

Henan Tongli Cement Co Ltd expects  2013 net profit to decline to between CNY40m and CNY80m (US$6.6m and US$9.9m), a YoY decline of 51.28-75.64 per cent, the company said in a statement.

The Shenzhen-listed cement manufacturer attributes the downward trend in performance to decreasing sales price.