China’s Jidong Cement sees 9 months net profit up 50-100 per cent YoY

Tangshan Jidong Cement Co Ltd (SZA 000401) said in a statement filed with the Shenzhen stock exchange it expects its net profit for the first nine months to rise 50 to 100 per cent YoY due to higher sales. 

The company posted net profit of 93.21m yuan for the first nine months last year with earnings per share reaching 0.097 yuan. ( 1 usd = 7.90 yuan)