China Tianrui Group Cement Co attributable profit climbs 15.6% YoY

China Tianrui Group Cement Co attributable profit climbs 15.6% YoY
Published: 29 August 2014


China Tianrui Group Cement Co said its attributable net profit for the six months to the end of June 2014 rose 15.6 per cent YoY to CNY327m (US$53.2m).

Revenue rose 15.4 per cent from a year earlier to CNY4296m. The gross profit margin increased to 22.3 per cent in 1H14 versus 21.6 per cent in 1H13, primarily due to the lower cost of sales and slightly higher average selling prices of cement.