China Resources 1H attributable profit falls 25.6%

China Resources Cement said its profit attributable to owners for the six months ended 30 June 2015 dropped 25.6 per cent YoY to HK$1530.2m.

The basic earnings per share were HK23.4 cents.

The turnover was HK$13,404m a decrease of 11.6 per cent from a year earlier. The consolidated gross margin was 25 per cent, representing a decrease of 6.9 percentage points from 31.9 per cent for the corresponding period last year, which was mainly attributable to the lower selling prices of cement and clinker as compared with those of the corresponding period last year.