Chinese cement companies expect significant rise in 1H net profit

Huaxin Cement has forecast a rise in net profit between 46-56 per cent YoY from CNY2.1bn (US$305m) in the first half of 2019 when compared with the 1H18, according to Reuters.

Tangshan Jidong Cement is expecting its first-half net profit to rise between 57.8-63.2 per cent from CNY918.92m in the 1H18.