Huaxin Cement positive 1Q profit alert, China

Huaxin Cement Co Ltd anticipates net profit for 1Q14 to increase by 350-400 per cent YoY, compared with a profit of CNY25.74m in the corresponding period of 2013, the company said.

The Hubei Province-based company, part of the Holcim group, attributes the profit growth to increasing cement product sales and prices.