BBMG sees net profit slip 16.7%
BBMG Corp reported a fall in net profit for 2015. Its net income fell 16.7 per cent to CNY2.02bn (US$310m), declining for a second straight year. The cement and building materia...
China
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Fitch: West China Cement's weaker operating results outweighed by Anhui Conch's takeover
Fitch Ratings believes West China Cement Ltd's weaker operations – as reflected in the 2015 results – is outweighed by its pending takeover by Anhui Conch Cement Company Limited...
CRC attributable profit drops 76% YoY
China Resources Cement (CRC) said its profit attributable to owners for the year ended 31 December 2015 dropped 75.9 per cent YoY to HKD1015m (US$130.8m).
S&P: West China Cement stays on CreditWatch Positive
Standard & Poor's (S&P) Ratings Services said that it continues to keep the ratings on West China Cement on CreditWatch with positive implications while the company awaits regul...
China Tianrui Group Cement expects 30% drop in 2015 profit
Chinese cement manufacturer China Tianrui Group Cement Co said Thursday it expects its 2015 net profit to drop more than 30 per cent from a year earlier. The decline is attribut...
Shanshui Cement unit defaults on third onshore bond, China
Shanshui Cement's key operating subsidiary Shandong Shanshui Cement Group defaulted on its third onshore bond.
China: CNBM warns of 70% drop in 2015 profit
CNBM has issued a profit warning, predicting that the net profit for 2015 will be 70 per cent down YoY, mainly attributable to the slowdown in cement demand growth and severe ov...
China: Huaxin issues profit warning
Huaxin Cement, LafargeHolcim’s subsidiary in China, has warned that it expects 2015 net profit to fall 90-95 per cent YoY due to weak domestic demand, intense competition and a ...
China Shanshui unit takeover
China Shanshui Cement Group said it has taken over the headquarters of its main operating unit, Shandong Shanshui Cement Group Ltd, following a management dispute. The Chinese m...
Anhui Conch
With cement demand shrinking in its home market, Anhui Conch is ramping up its business overseas. In January-September 2015, China reported a five per cent YoY fall in cement pr...