China Resources Cement 9M profit up 216%

China Resources Cement reported a 215.9 per cent rise in profit attributable to owners for the 9M17 to HKD2648.6m (US$339.4m).

Turnover increased 16.4 per cent to HKD20,344.9m in the first nine months. The consolidated gross profit saw a 36 per cent YoY advance to HKD6023.6m. The consolidated gross margin was 29.6 per cent, representing a rise of 4.3 percentage points over 25.3 per cent reported in 9M16.

The increases in consolidated gross profit and gross margin were mainly attributable to the higher selling prices of products when compared with the first nine months of 2016.