China Resources Cement Holdings Ltd announces its 1Q14 results
China Resources Cement Holdings Ltd has reported a 13.8% y/y rise in turnover for 1Q14. Gross profit reached HK$2162 million, up 55.2% y/y, while the group’s gross margin improved by 8.5 percentage points, mostly due to higher selling prices. The gross margin for cement increased from 24.8% to 35.9%, clinker improved from 10.8% to 19.2%, while concrete fell from 24.8% to 21.5% when compared with 1Q13.
China Resources Cement Holdings Ltd sold 13.189 million t of cement during the period, with the greatest volume dispatched in Guangdong (5.514 million t) and in Guangxi Province (3.832 million t). More than 2 million t of clinker and over 3 million m3 of concrete was sold in January – March 2014.
Adapted from press release by Louise Fordham
Read the article online at: https://www.worldcement.com/asia-pacific-rim/13052014/china_resources_cement_holdings_ltd_1q14_results_185/
You might also like
World Cement Podcast
In the latest episode of the World Cement Podcast, Senior Editor David Bizley is joined by Dr Andrew Minson of the GCCA to discuss the ins and outs of the recently launched Low Carbon Ratings (LCR) system.
Responsible Capacity Growth, Powered by Your Data
As demand rises with urbanisation, manufacturers must meet growth targets while advancing 2030 and 2050 decarbonisation goals. AI Optimisation (AIO) technology is empowering teams with AI expertise to transform operations and accelerate their journey toward a smarter, more sustainable future.
