China Resources Cement sees 7% fall in net profit in 1H19

China Resources Cement has reported a 6.5 per cent YoY drop in net profit to HKD3.77bn (US$480.8m) for the first six months of 2019, against HKD4.03bn in the corresponding period of last year. The company has attributed the results to falling sales of cement, clinker and concrete amid a slowing Chinese economy.

Revenue declined six per cent to HKD17.41bn in the 1H19. The company has noted that it will continue to seek partnerships with domestic and overseas companies, according to a statement.