China Tianrui Group Cement expects 30% drop in 2015 profit

China Tianrui Group Cement expects 30% drop in 2015 profit
18 February 2016


Chinese cement manufacturer China Tianrui Group Cement Co said Thursday it expects its 2015 net profit to drop more than 30 per cent from a year earlier. The decline is attributed to weaker domestic cement demand and lower selling prices.

The company, which didn't specify its expected net profit for the year, posted a net profit of CNY564.9m (US$86.6m) in 2014.

The 2015 financial results will be released by the end of March, the company said.


Published under Cement News