China: Tianrui Cement sales revenue rose by 19.5% year-on-year to US$1.5bn in 2018 from US$1.25bn in 2017. It attributed the growth to a 15% increase in the price of cement. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) grew by 15.3% to US$573m from US$497m. Its sales volumes of cement remained stable at 29.4Mt compared to 29.3Mt in 2017.
Tianrui Cement grows sales due to price hike
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