China Resources Cement records US$541m net profit in first half of 2020

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China: China Resources Cement (CRC)’s first-half net profit increased by 11% year-on-year to US$541m in 2020 from US$481m in 2019. This was in spite of a 3% fall in revenues to US$2.18bn from US$2.25m. CRC said, “The gradual stabilisation of infrastructure construction and the real-estate market - as well as the steady progress of urbanisation and rural construction - will be conducive to the stable development of the cement industry."

Last modified on 25 August 2020

URL: https://www.globalcement.com/news/item/11257-china-resources-cement-records-us-541m-net-profit-in-first-half-of-2020

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