TCC International Holdings net profit rises 22.5%

TCC International Holdings net profit rises 22.5%
Published: 13 March 2015


TCC International Holdings Ltd said net profit surged 22.5 per cent to US$264m. The Chinese cement producer attributed the profit rise to strong sales in southern China, where production plants in Guangdong and Guangxi provinces contributed more to sales. However, both cement sales and average selling price has dropped in the second half of 2014, it said in a public statement.