Dongwu Cement reports 12% rise in 1H profit

Dongwu Cement reported a turnover of CNY251.739m for the first six months of 2019, representing an increase of 14.7 per cent YoY, according to a company to the Hong Kong Stock Exchange.

The company’s cement business posted a gross profit margin decreased to 20.7 per cent from 22.8 per cent in the 1H18.

The profit attributable to Dongwu Cement’s owners increased to CNY32.219m in the first half of 2019, a 12.4 per cent advance on the CNY28.671m reported in the year-ago period.

The company attributed its improved results to a rise in sales volumes and prices in China’s domestic market.