The company made the announcement the same day as it reported that its net profit more than doubled to HK$2.04bn in 2010 as revenue soared to HK$14.14bn from HK$6.91bn in 2009, thanks to growth in both sales volume and selling prices. The company declared a final dividend of HK$0.045 per share for 2010. The company didn’t pay a final dividend for 2009.
According to Zhou Longshan, chief executive officer at China Resources Cement, the company’s production capacity will grow to 61.8Mt by end-2011 and 77.8Mt by end-2012 from 47.8Mt currently.
The company sold 29.6Mt of cement in 2010, up 80 per cent from a year earlier, while its sales of clinker and concrete jumped 14 per cent and 71 per cent respectively in volume terms during the same period.
