Tongli Cements reports decline in 2012 profit

Henan Tongli Cement has reported a 2.38 per cent decline in operating revenue for 2012 to CNY4.12bn (US$661m).

The company's net profit for 2012 fell 31.79 per cent YoY to CNY164m, with basic earnings per share of RMB 0.5, according to reports in China Business Newswire.

Tongli Cement plans to convert three shares from the capital surplus for every ten shares based on its share capital of 328 million shares.