China: Guangdong Tapai Group 1H affected by pricing pressures

Guangdong Tapai Group saw net profit fall to CNY186m (US$29m) for the first half of 2015, down 47.81 per cent from the same period a year ago. Operating revenue fell was down 7.89 per cent to CNY1.84bn.

Competition in east Guangdong and Pearl River Delta became fiercer causing cement prices to continue falling. The average selling price fell 19.52 per cent.