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

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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.

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URL: https://www.globalcement.com/news/item/11238-tangshan-jidong-s-first-half-profit-drops-by-a-third-in-2020

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