China Resources Cement 1H13 profit rises
China Resources Cement (CRC) said yesterday that its net profit attributable to shareholders of the company increased 80.35 per cent YoY to HK$1.15bn (US$148.29m) in the first h...
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Gansu Qilianshan's net profit surges, China
Gansu Qilianshan Cement Group Co Ltd earned a net profit of CNY110m (US$18m) in the first half of 2013, a YoY rise of 314 per cent. The cement producer saw operating revenue adv...
JPMorgan sells stake in Anhui Conch, China
JPMorgan Chase & Co sold 3.89 million H-shares (translating to a 0.3 per cent stake) in Anhui Conch Cement Co Ltd on 29 July 2013, decreasing the stake to 10.91 per cent, accord...
Fitch revises West China Cement outlook
Fitch Ratings has revised West China Cement Limited's (WCC) Outlook to Negative from Stable reflecting continued weak average selling prices (ASP) in the cement producer's core ...
Standard & Poor’s downgrades China Shanshui Cement, China
Standard & Poor's Ratings Services has lowered its long-term corporate credit rating on China-based cement producer China Shanshui Cement Group Ltd to 'BB-' from 'BB' due to a w...
BBMG Corp issues profit warning, China
BBMG Corp announced yesterday that it expected its net profit to fall not more than 15 per cent YoY in the first six months of this year, due to pricing pressures.
Prosperity Minerals confirms merger offer, China
Prosperity Minerals Holdings Ltd confirmed that it has received an initial approach from Prosperity International Holdings Ltd with a view to a possible offer being made for the...
Asia Cement forecasts higher 1H net profit
Asia Cement (China) expects its unaudited net profit to more than double for the six months to the end of June 2013 compared to the same period of last year. The 100 per cent fo...
TCC International expects profits to double in 1H13
TCC International expects to double net profit attributable to shareholders in the first half of this year compared to the same period of 2012. The increase is mainly attributed...
China: concentration is the key
China Cement Association had drafted a plan to promote mergers and acquisitions (M&A) activity and step up the elimination of obsolete capacity to increase concentration of the ...