China: China Tianrui Group Cement Company has announced that its profit attributable to owners for the six months that ended on 30 June 2014 rose by 15.6% year-on-year to US$53.2m. Revenue was US$699m, an increase of 15.4% from a year earlier. The company's gross profit margin increased to 22.3% in the first half of 2014 from 21.6% in the first half of 2013, which was primarily due to the lower cost of sales and slightly higher cement sales prices.
China Tianrui first half 2014 net profit rose by 15.6% to US$53.2m
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