Jidong sees strong rise in 2013 net profit

Tangshan Jidong Cement Co Ltd expects net profit to be between CNY306m and CNY360m (US$50.6m-59.48m) in 2013, a YoY increase of 70 per cent to 100 per cent, the company said.

The Hebei Province-based cement manufacturer attributes the profit growth to an improved reduction in production costs and increasing sales volume.