China Tianrui attributable profit surges

China Tianrui Group Cement Co said its profit attributable to owners for the six months ended 30 June 2017 surged 175 per cent YoY to CNY489m (US$74m).

Revenue amounted to CNY3785m, an increase of 22.3 per cent from a year earlier. Gross profit grew 51.3 per cent YoY to CNY1174m. Gross profit margin increased to about 31 per cent in the first half of 2017 from 25.1 per cent in the same period of 2016. The increase in gross profit margin was primarily due to the significant increase in the price of cement for the year.