Dongwu Cement records 60% revenue increase in 1H18

China-based Dongwu Cement International Ltd has reported a 60.4 per cent YoY increase in revenue to CNY219.49m (US$31.9m) for the six-month period ended 30 June 2018.

Total profit for the period surged to CNY28,593m, compared with CNY7726m in the year-ago period.

The cement sector recorded a considerable increase in sales volume, operating income and gross profit as a result of the steady demand and rising prices in the country, according to the company's unaudited financial report. In the 1H18, the group's cement operating profit reached CNY32.2m. The gross profit margin of the segment rose to 22.8 per cent from 13.7 per cent in the 1H17.