Tangshan Jidong’s first-half profit drops by a third in 2020

Written by Global Cement staff 19 August 2020

China: Tangshan Jidong’s net profit in the first half of 2020 was US$140m, down by 33% year-on-year from US$210m to US$246m. Cement sales fell by 14% to US$1.58bn from US$1.83bn, while clinker sales fell by 11% to US$218m from US$246m. The Hebei Province-based group attributed the sales fall to the effects of the coronavirus lockdown in early 2020.

Published in Global Cement News

Tagged under

China
Tangshan Jidong
Results
GCW469
coronavirus
lockdown
Government
Jidong Cement

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