China Resources Cement records 11% rise in profit

China Resources Cement records 11% rise in profit
24 August 2020


China Resources Cement saw its net profit rise 11 per cent YoY to HKD4.19bn (US$540.6m) for the first half of 2020. Revenue fell three per cent to HKD16.88bn, on the back of lower cement sales volumes.

"The gradual stabilisation of infrastructure construction and the real-estate market, as well as the steady progress of urbanization and rural construction, will be conducive to the stable development of the cement industry," said the company.

Published under Cement News