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News China Resources Cement grows profits with price hike in first nine months of 2017

China Resources Cement grows profits with price hike in first nine months of 2017

Written by Global Cement staff 23 October 2017
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China: China Resources Cement has more than doubled its profit so far in 2017 by increasing its prices. Its turnover rose by 16.4% year-on-year to US$2.61bn in the first nine months of 2017 from US$2.24bn in the same period in 2016. Its profit tripled to US$337m from US$102m. At the same time its average selling price for cement rose by 21.5%.

Cement sales volumes fell by 9% to 52.2Mt from 57Mt but clinker volumes rose to 6.16Mt from 2.94Mt. By region cement sales volumes fell in most areas, with the exception of Hainan.

Last modified on 25 October 2017
Published in Global Cement News
Tagged under
  • China
  • China Resources Cement
  • Results
  • Hainan
  • GCW325

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