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China Resources Cement Holdings Ltd announces its 1Q14 results

World Cement,

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

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