West China Cement reports 23% increase in profit

West China Cement Ltd has announced a 22.7 per cent increase in profit to CNY793.5m (US$112.3m) for the 1H19, compared with CNY646.7m in the year-ago period. Revenue climbed 27.2 per cent YoY to CNY3.31bn from CNY2.6bn, while EBITDA advanced 5.9 per cent to CNY1.38bn.

Total cement and clinker sales volumes rose 5.1 per cent to 8.61Mt from 8.19Mt, with cement sales consisting of 8.45Mt of the final amount.

"Sales volumes in Shaanxi Province have remained stable. Sales volumes in Xinjiang and Guizhou Provinces have recorded a 5.5 per cent increase and a 16.7 per cent decrease, respectively," said the company in a statement to the Hong Kong Stock Exchange.