Dongwu Cement's net profit slumps, China

Dongwu Cement International Ltd saw its net profit slump 98.81 per cent YoY to CNY1.04m (US$167,722). Operating revenue, meanwhile, dropped 30.8 per cent YoY to CNY321m in 2012, the company said in a statement.

Dongwu Cement International Ltd is a cement and clinker producer in Wujiang City, Suzhou Prefecture, which is situated in south Jiangsu Province. It employs NSP technology in the production process and its principal products include ordinary Portland cement strength class 42.5 (PO 42.5) and composite Portland cement strength class 32.5 (PC 32.5).