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News China Resources Cement’s turnover drops by 21% to US$2.05bn in first half of 2022

China Resources Cement’s turnover drops by 21% to US$2.05bn in first half of 2022

Written by Global Cement staff 31 August 2022
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China: China Resources Cement’s (CRC) turnover fell by 21% year-on-year to US$2.05bn in the first half of 2022 from US$2.57bn in the same period in 2021. Its profit decreased by 50% to US$230m from US$463m. Its cement and concrete sales volumes dropped by 26% to 30.7Mt and 23% to 5.4Mm3 respectively. However, its clinker sales volumes rose by 5% to 2Mt. The group also reported that the capacity utilisation rate for its cement and clinker production lines were 70% and 87% in the first half of 2022 compared to 97% and 108% in the same period in 2021.

Published in Global Cement News
Tagged under
  • China
  • Results
  • China Resources Cement
  • GCW572
  • concrete
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