Half-year report: Tianjin Cement Co, China

Shenzhen-listed Tianjin Cement Co, Ltd.  has reported earnings per share of 0.015 yuan for the first half of 2004 ended June 30, as compared with the 0.016 yuan for the same period of 2003. The company¡&hibar;s net profits before deduction of non- current gains and losses in the first half of 2004 reached 3.4644 million yuan, as compared with 3.83 million yuan for the same period of 2003. Its main operating turnover in the first half of 2004 stood at 169.0301 million yuan, down from 191.9183 million yuan in the same period of 2003. The company posted return on net assets of 0.55 percent for the first half of 2004, down from 0.62 percent in the same period of 2003. Its adjusted net assets per share were 2.476 yuan at the end of June 2004. The company decided not to distribute profit for the first half of 2004.