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News Huaxin Cement’s first-quarter net profit forecast to more than double in 2021

Huaxin Cement’s first-quarter net profit forecast to more than double in 2021

Written by Global Cement staff 12 April 2021
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China: Huaxin Cement has forecast consolidated net profit growth of 104% - 111% year-on-year to US$55.7m – US$59.6m in the first quarter of 2021 from US$53.7m in the same period in 2020. The group said that cement volumes rose by 60% and concrete and aggregate volumes grew by over 200%. The cement producer has attributed the growth to the impact of coronavirus upon its business at the start of 2020.

Last modified on 14 April 2021
Published in Global Cement News
Tagged under
  • China
  • Huaxin Cement
  • Results
  • coronavirus
  • concrete
  • Aggregates
  • GCW501
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