Displaying items by tag: China Tianrui
China Tianrui Group expects net profit to drop by 30% in 2015
18 February 2016China: China Tianrui Group Cement has said that it expects that its 2015 net profit will drop by more than 30% year-on-year in 2015. It has blamed the downturn on China's economic slowdown that has reduced demand for cement and lowered the selling price. The cement producer didn’t release a figure for its expected net profit in 2015 but it reported a net profit of US$86.6m in 2014. It intends to release its full financial results for 2015 at the end of March 2016.
China Tianrui first half 2014 net profit rose by 15.6% to US$53.2m
03 September 2014China: 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.
More disappointing half year results for China
25 July 2012China: Henan Tongli Cement Co Ltd, a Shenzhen-listed cement producer, said that its first half 2012 net profit rose by 8.6% year-on-year to US$15.2m. Its operating revenue dipped by 2.8% year-on-year to US$308m.
Meanwhile China Tianrui Group Cement Co Ltd, a Henan Province-based clinker and cement producer, said that it booked US$42.7m in net profit in the first five months of 2012, a plunge of 43% year-on-year. Its revenue dipped by nearly 6% year-on-year to US$485m.