Taiwan Cement sees 28.81% jump in net profit

Taiwan Cement posted a record TWD10.03bn (US$330m) in net profit last year, up 28.81 per cent from a year earlier, the company said in a statement on Monday.

Consolidated sales for 2013 rose 2.11 per cent YoY to about NT$116.10bn, while its gross margin rose about four percentage points from a year earlier to 19.66 per cent.

The company's strong sales in China were reflected in the 2013 results of subsidiary TCC International Holdings Ltd, which posted a 14.7 per cent annual increase in revenue. Sales growth was particularly strong in Guangdong and Guizhou provinces and the Guangxi autonomous region, according to the statement.