China: China Resources Cement (CRC)’s profit in the first three months of 2020 was US$144m, down by 25% year-on-year from US$192m in the corresponding period of 2019. Sales were US$722m, down by 26% from US$969m. CRC sold 11.2Mt of cement over the period, down by 27% from 15.2Mt, although prices hadincreased. Cement sales constituted 82% of total revenue at US$589m, down by 22% from US$752m.
CRC reports on first quarter of 2020
Written by Global Cement staff
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