Tangshan Jidong Cement records 42% year-on-year profit growth in 2019

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China: Hebei province-based Tangshan Jidong Cement’s net 2019 profit was US$298m, up by 42% year-on-year from US$210m in 2018. Cement and clinker sales remained flat. Tangshan Jidong Cement attributed the growth to increased prices due to a 9.9% year-on-year increase in infrastructure spending to US$1.86tn. Throughout the year, the company said, it completed energy-saving optimisation and upgrades to improve efficiency, implemented strategic marketing and reduced the cost of material procurement.

Last modified on 25 March 2020

URL: https://www.globalcement.com/news/item/10611-tangshan-jidong-cement-records-42-year-on-year-profit-growth-in-2019

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