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News Jiangxi Wannianqing’s profit rises by 20% year-on-year in 2019

Jiangxi Wannianqing’s profit rises by 20% year-on-year in 2019

Written by Global Cement staff 26 March 2020
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China: Jiangxi Wannianqing Cement’s net profit in 2019 was US$197m, representing a 20% year-on-year increase from US$164m. Reuters has reported that on 15 November 2019 Jiangxi Wannianqing Cement paid US$82.6m for a lease and limestone exploration rights for land in De’an County, Jiangxi Province, previously held by Fushan Cement. On 25 June 2019 the company received US$23.3m in government compensation for the relocation of its Wannian cement plant.

Last modified on 01 April 2020
Published in Global Cement News
Tagged under
  • China
  • Jiangxi Wannianqing Cement
  • Results
  • Profit
  • land lease
  • Limestone
  • survey
  • Fushan Cement
  • Government
  • Plant
  • Relocation
  • compensation
  • GCW449

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