China: Tangshan Jidong Cement’s operating income fell by 14% year-on-year to US$1.99bn in the first half of 2023 from US$2.31bn in the same period in 2022. Its sales volumes of cement and clinker grew by 14% to 44Mt. However, it reported a loss of US$50.7m compared to a profit of US$157m previously. Its operating income fell in all regions domestically except the North-east of the country. The company noted that low cement prices had led to a decline in the profits of the cement sector.
Tangshan Jidong Cement reports a loss in the first half of 2023
URL: https://www.globalcement.com/news/item/16223-tangshan-jidong-cement-reports-a-loss-in-the-first-half-of-2023
© 2025 Pro Global Media Ltd. All rights reserved.