Fujian full-year net profit declines

Fujian full-year net profit declines
Published: 19 March 2014

Tagged Under: Fujian Cement China Results 

Fujian Cement earned a net profit of CNY19.05m (US$3.074m) in 2013, a YoY decline of 30.38 per cent.

Operating revenue rose by 12.4 per cent YoY to CNY1.82bn.

The company attributed the downward trend in net profit to plant closures while it carried out technology upgrade projects, as well as a decrease in cement prices.